Barclays Capital Downgrades Intel, Freescale, Spansion; Upgrades Micron Technology

[btarunr]

Investment firm Barclays Capital lowered its ratings on semiconductor majors Intel, Applied Materials Inc, Freescale Semiconductor Holdings Ltd, Microchip Technology Inc., and Spansion Inc., from "equal weight" from "overweight", meaning that these companies are no longer outperforming, and are doing average, with negligible growth. Towards the end of 2011, Intel adjusted its Q4 forecast, lowering it by $1 billion, blaming factors beyond its control such as HDD supply problems. Weakened PC sales growth is another major factor. On the other hand, DRAM and NAND flash memory maker Micron Technology got its rating upgraded to "overweight", as Barclays notes that the industries Micron is in, are on the verge of a boom. Reacting to this, Micron's shares shot up by 11 percent during trading early this week, sending its shares' valuation from $6.2 billion, up 9 percent to $6.88 billion.



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[iLLz]

Intel would be part of that same boom as Micron since they have a joint venture in that industry. IMFT is the name of the joint venture. So Intel has its hand in many things in the tech industry so why downrate them. I mean with IVB and other chips meant for the mobile sector, I cant see Intel going anywhere but up. And if SSD's have that boom, Intel will be right there selling flash memory to most of the makers of said SSDs, as well as making their own.

 

[xenocide]

I'm really confused by this. Intel has been doing great all things considered.