SOURCE: The Bedford Report

The Bedford Report

September 08, 2010 09:30 ET

Analyst Research on NVIDIA (NASDAQ: NVDA) & Micron Technology (NASDAQ: MU) Available Free at BedfordReport.com

Note to Editors: The Following Is an Investment Opinion Being Issued by The Bedford Report.

TORONTO--(Marketwire - September 8, 2010) -  The Bedford Report's team of analysts is looking at the Semiconductor industry and has issued Analyst Reports on NVIDIA Corporation (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU). Access to the full company reports can be found at www.bedfordreport.com.

In the last month, most chipmakers saw their share prices slip due to mounting worries about weakening PC sales. If global PC demand continues to struggle, chipmakers have warned that they could have an oversupply of chips in the next year. There is hope throughout the industry that strong demand for smartphones and tablet computers will offset weakness in the PC market- assuming such chip making companies have a diversified enough product portfolio.

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In its last quarterly financial results NVIDIA posted a loss of $141 million, or 25 cents a share, compared with a year-earlier loss of $105.3 million, or 19 cents a share. The company claims that market conditions in China and Europe - regions that typically represent strong sales- are deteriorating. The company projected third-quarter revenue will rise 3% to 5% from the second quarter's $811.2 million. That suggests revenue of as much as $852 million, well below the average analyst estimate of $884 million.

Investors can get copies of the full analyst reports on NVIDIA and Micron Tech by registering for free at www.bedfordreport.com.

The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.php

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