Deutsche Bank's Semiconductor Devices Summary

Deutsche Bank has published a research report for the Semiconductor Services segment.

In the report, Deutsche Bank writes "Following many negative pre's, this earnings season will be all about guidance. We expect 4Q guidance to be below seasonal as macro softness and inventory adjustments impact the semi group. However, we believe most of this adjustment is already in our recently reduced ests and with valuations below 3Q08 levels and semi co's in generally better condition, we believe this correction will be short and shallow and therefore continue to recommend investors add to semi positions after cautious 4Q outlooks are given."

Companies related to this update include:

Avago Technologies (NASDAQ: AVGO),USD22.28 Buy
Fairchild Semiconductor (NYSE: FCS),USD9.05 Buy
Intel (NASDAQ: INTC),USD19.31 Buy
Marvell Technology (NASDAQ: MRVL),USD16.42 Buy
SanDisk (NASDAQ: SNDK),USD37.32 Buy