Analyst sours on Infineon, ST but touts ARM
(04/02/2009 11:00 AM EDT)
Standard & Poor's Equity analyst James Crenshaw is recommending investors sell shares in a bunch of semiconductor companies, including Infineon Technologies AG, STMicroelectronics N.V. and chip equipment manufacturer ASML Holding N.V., due to deteriorating demand and cash-flow problems.
Crenshaw, however, confirmed his "buy" rating on ARM Holding, which he said continues to benefit from its IP-revenue model and its asset-light operating system.
Crenshaw lowered his ratings on Infineon, ST and ASML from "hold" to "sell" and raised the possibility of bankruptcy reorganization for Infineon, which may select this option in a bid to reduce crushing debt payments amidst concerns it may not be able to refinance loans in a tight credit market.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
Related News
- Commentary / Analysis: Real men have fabs, but maybe not Infineon, NXP, TI and ST.
- ARM CEO Touts IoT Security, Fire Safety
- ARM: Smartphone Sales Drop, but Recovery Is Coming
- Renesas Maintains Position as Leading Vendor of OE Automotive Semiconductors, but Infineon Closes Owing to Weakened Yen
- ARM releases MDK for Infineon XMC1000
Breaking News
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- SiliconIntervention Announces Availability of Silicon Based Fractal-D Audio Amplifier Evaluation Board
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Siemens acquires Altair to create most complete AI-powered portfolio of industrial software
- Alphawave Semi Reveals Suite of Optoelectronics Silicon Products addressing Hyperscaler Datacenter and AI Interconnect Market
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Rapidus Announces Strategic Partnership with Quest Global to Enable Advanced 2nm Solutions for the AI Chip Era