Same scenario as we had in 1Q09 with strong recovery. The shock from two years ago still scares people to make a similar scenario likely. Next year is election year for some (such as US). Positive attitude will be promoted. So, I believe 1Q12 bottom and then strong recovery.
I'd welcome this kind of positive news. Hoping badly that Christopher Danely is currect.
But I believe things are not looking good. I was reading about the job report by Dan Greenhaus, global market strategist at BTIG and he said 'Things are so bad that this looks good'. That was scary! On top of this the political tensions around is driving me nervous.
A fair question. I would say A) this is just one analyst/firm's opinion and B) assuming he is correct, just because we've scraped the bottom on the downturn doesn't mean sales will immediately jump back to normal levels. In AMD's case, the company may believe that expenses are not going to match with sales in the near future. Also, the cynical read on the AMD layoff says the company is cutting its U.S. engineering force in favor of adding engineers in other (read, cheaper) locations.
That is very encouraging news sepcially for EEs and economy in general. It will nice to see new manfacturing and packaging technology for novel products. I wish to see more integration of optics in semiconductor for high speed data transfers.