editor’s word
Editor-in-Chief David Ridsdale
Gamblers start to bet
+44 (0)1923 690210 dr@angelbcl.co.uk
Publisher Jackie Cannon
+44 (0)1923 690205 jc@angelbcl.co.uk
Whether it is a downturn or a fully blown financial crisis there are a
Account Handlers
Shehzad Munshi
number of signs to indicate when the nadir is reached. Some recent
+44 (0)1923 690215 sm@angelbcl.co.uk signs suggest that stock brokers and market gamblers are beginning to
Tommy Beazley
+44 (0)1923 690222 tb@angelbcl.co.uk
think the worst is behind us and there is growing expectations that
events may pick up as early as the third quarter of this year.
Design & Production Manager
Mitchell Gaynor
+44 (0)1923 690214 mg@angelbcl.co.uk
I would advise caution as to whether these events actually refer to an
Circulation Director
industry wide recovery or if other issues are at play that so entices the
Issue II 2009
square4
Jan Smoothy
brokers. A simple clue to how the brokers think at this time is reflected
+44 (0)1923 690200 js@angelbcl.co.uk
in share volumes traded as well as share prices. There has been a flurry
.com
Subscriptions Manager
of activity on semi shares of late with Intel, Texas Instruments and
Debbie Higham
+44 (0)1923 690220 dh@angelbcl.co.uk
Altera just a few of the companies that are being targeted and whose
prices are improving but the main factor that is enticing the gamblers is
Commercial Director
Stephen Whitehurst
how the companies are run rather than an industry response.
+44 (0)2476 718970 stephen@angelbc.co.uk
oasiasemiconductor
Directors At the end of last year almost every company was predicting negative
.eur
Stephen Whitehurst
earnings for 2009 but in the last month this trend has been reversed as
Jan Smoothy
Bill Dunlop Uprichard the impact of redundancies and other cost cutting measures begin to
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have an impact. The gamblers believe recent predictions show that IC 3
Angel Business Communications Ltd Hannay House, companies are managing their internal affairs much better but a cyclical
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industry is not a bad training ground for this. Even inventories, the
F: +44 (0)1923 690201 bane of previous downturns, seem to be managed more effectively
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than ever before.
Angel Business Communications Ltd
Unit 6, Bow Court, Fletchworth Gate, Burnsall Road,
Coventry CV5 6SP
Of course it will be mid year before we have any true indication of
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where the industry is at and although a positive affirmation of industry
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E: info@angelbc.co.uk
management changes that have occurred over the last few years, it will
be a tad early to start suggesting that the industry is on the way to
recovery. The real importance of this news is the confidence that is
EuroAsia Semiconductor is published twelve times a
year on a controlled circulation basis. Non-qualifying being shown in the industry by the bean counters and gamblers.
individuals can subscribe at:
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That confidence can and will translate into investment and a downturn
All information herein is believed to be correct at time
of going to press. The publisher does not accept is by far the best time for a company in this industry to focus on
responsibility for any errors and omissions. The views
expressed in this publication are not necessarily those
research, investment and future innovation. Good ideas in the pipeline
of the publisher. Every effort has been made to
need to be ready as the industry and economy pick up again.
obtain copyright permission for the material contained
in this publication.
Of course the other important key is to be sure others know of your
Angel Business Communications Ltd will be happy
to acknowledge any copyright oversights in a
good ideas.
subsequent issue of the publication.
Angel Business Communications Ltd © Copyright 2009. David Ridsdale
All rights reserved. Contents may not be reproduced in
whole or part without the written consent of the
Editor-in-Chief
publishers. The paper used within this magazine is
produced by chain of custody certified manufacturers,
guaranteeing sustainable sourcing.
P.S. I am delighted to announce the opening of our latest project that I
Printed by: Pensord Press. ISSN 1751-1135
encourage all to see and to let me know what you think.
Go to http://www.icvirtual365.com
EuroAsia Semiconductor is
a Corporate Member of SEMI
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