“On a slightly more positive note, management said the current near-term slowdown is entirely being driven by supply chain disruptions, as end market PC sales remain healthy and are actually expected to grow sequentially in the fourth quarter,” the Morningstar analysts said. “We expect to maintain our fair value estimate, as the issues appear to be short-term in nature.”
- PowerShares QQQ was down 1.74% at last check Monday.
- Semiconductor HOLDRs (AMEX: SMH) was down 3.82%. INTC is 24.5% of the portfolio.
- iShares PHLX SOX Semiconductor Sector (NasdaqGM: SOXX) was down 3.20%. INTC is 9.2%.
PowerShares QQQ
For more information on the tech sector, visit our technology category.
Max Chen contributed to this article.