Given the combination of recent share price weakness, especially in relative context, and slightly increased revenue assumptions, we see improvement in the risk-reward equation for LCC.

No change to target price or basic fundamental assumptions, but share price weakness has materially improved the risk-reward tradeoff in the shares.

We anticipate slower improvement in the company's LCD (liquid crystal display) profitability and typical seasonal weakness in overall commodity DRAM ( dynamic random access memory) market for the second quarter.

The weakness was primarily in the residential area. That's consistent with the other data we've seen recently that suggest that the housing market is cooling off.

We saw really good results in the first quarter but we just saw weakness at the end of the quarter, so we are giving conservative, and what we think is a prudent, approach in the next quarter,

There's still a bit of a tech wreck going on in the wake of the Nasdaq weakness. The other problem is that we haven't had good sector rotation and we've seen a bit of a sell-off in the banks. The results for the banks have not been too good - they are facing margin pressures.