Zacks.com releases the latest Analyst Interview. Today’s interview is with senior analyst Ian Gilson, who discusses Sony (NYSE: SNE), Trident (Nasdaq: TRID), Genesis (Nasdaq: GNSS) and Pixelworks (Nasdaq: PXLW).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
[F]lat-panel companies – do they also produce semiconductors? And how is that market expected to perform in 2008?
Some of them do. But really what we have are suppliers to the market. We have a number of companies that do not produce their components; they are assembly companies. On the other hand, people like Sony (NYSE: SNE), Sharp, Samsung – those are huge electronic companies, as well as being large producers and sellers of TV sets. So they do have their own in-house technology. Sometimes they use it, sometimes they don’t.
Is the semiconductor industry looking a little more favorable in ’08, and does this help out some of those companies that deal in that industry?
We’re looking at growth comparable to the growth in the TV industry. Obviously, one TV set looks at one set of electronics, and it might be more than one chip-set or it might be less, just one chip-set. So as you combine functionality, as is Trident (Nasdaq: TRID) and Genesis (Nasdaq: GNSS), you would have a slightly lower rate of growth in, say, volume, but a commensurate rate of growth in revenue.
We don’t know exactly what the pricing environment is going to be on the chip-sets; last year it was very bad for some of them. Of the companies that we follow – three primarily in that market: Trident, Genesis and Pixelworks (Nasdaq: PXLW) – only Trident was profitable.
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