Nomura Tech Conference Day 1: Ultrabooks and the Wait for Windows 8 and the Ultrabook Touch Cool Form Factor

January 11, 2012 9:43 AM EST
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Day 1 of the Nomura Tech Conference: Ultrabooks and the wait for Windows 8 and the Ultrabook Touch Cool Form Factor

Analyst, Rick Sherlund, said, "Yesterday, we kicked off the 2012 Nomura Technology conference in Las Vegas coinciding with CES. On day 1 we hosted company managements in fireside chats, notables including Samsung, Microsoft (Nasdaq: MSFT), Cypress Semiconductor (NYSE: CY), Micron Technology (NYSE: MU) and Spreadtrum Communications (Nasdaq: SPRD)."

"One theme that resonated from the company managements who spoke at the conference was the impact from the current Ultrabook product cycle, as well as the upcoming Ultrabook Touch product cycle which will coincide with the upcoming launch of Windows 8. The first phase of this cycle is already happening, with vendors such as Samsung and its Series 9 Ultrabook benefiting from sales of this new form factor. Vendors such as Micron, SanDisk (Nasdaq: SNDK) and Samsung should also benefit from increased demand for NAND associated with the SSDs in Ultrabooks. MSFT should obviously benefit from the launch of Windows 8 and Cypress Semiconductor should benefit from touch enablement."

"Another key theme that stood out was the view that Q1 could potentially mark the bottom of the cycle for NAND and DRAM. The vendors that we spoke with appeared optimistic that PC supply chain constraints would work their way through the market in Q1 and as vendors push to the back half of the year, we will leave constraints behind and vendors will be met with a larger demand for NAND and DRAM owing to the Ultrabook and Ultrabook Touch product cycles."

Key Trends for 2012 - Takeaways from our Panel discussion

1) Ultrabook Touch devices to be a key theme in 2012; 2) Windows 8 and Ultrabook Touch devices will represent the first true innovation in lap top computing; 3) Windows on ARM is not currently an investible theme in our view; and 4) Apple (Nasdaq: AAPL) will need to adapt in 2012

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