Barclays on Semiconductors And Equipment: Weekly Muse-ings: Focus Turns to Intel Developer Forum

Barclays on Semiconductors And Equipment: Weekly Muse-ings: Focus Turns to Intel Developer Forum

Barclays analyst, C.J. Muse, said, "We Expect Stabilization Trade for Semis to Continue Through September: With investors looking beyond negative pre-announcements this past week (read Texas Instruments (NYSE: TXN), Alterra (Nasdaq: ALTR), Fairchild Semi (NYSE: FCS)) and bidding shares incrementally higher (SOX +7% since August 19th trough), we continue to see the stabilization trade for semi names to continue. We reiterate our 1-Positive rating for semis with our top picks remaining QUALCOMM (Nasdaq: QCOM), ALTR, Broadcom (Nasdaq: BRCM), and Intel (Nasdaq: INTC)."

"We Expect Positive Commentary at IDF with INTC Likely to Maintain a Positive Tone on PCs...Expect More Chatter from Asian Channel Checks...Our Top Picks Remain ALTR, BRCM, QCOM, and INTC in Semis, Lam Research (Nasdaq: LRCX) and ASML (Nasdaq: ASML) in SPE."

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