This analyst must be trying to bail big clients out of underwater short positions in the chip sector. Consider with XLNX and ALTR that both are undergoing major product cycles, benefiting hugely from things like the 3g+ evolution and massive wireless growth in China. That's not the same as channel stuffing for clunky pc headed for Walmart, nor is it preshipping forward demand.

Maybe he missed the part about robust growth across all product lines, the increase in the dividend, the likelihood that this quarter's guidance is as sandbagged as the one just completed, despite preannouncing it was going to be better than prior cc guidance just one month ahead of earnings, and that every CEO and CFO of the companies he just downgraded has been on the business channels talking about how it is really early in the inventory cycle and that things are just getting going on that and new product intros?

The Wedbush (who?) moron analyst piled onto the MS idiot's comments saying he was concerned about inventory. It may be getting to the later innings, but if so, it's game one of a 7 game series.