Their plan was to sell low-margin baby goods with maximum customer service: Moms could place an order once and renew it on a regular basis, often with free overnight shipping.
Dhanda asserts that the trends in global industrial production, U.S. durable goods orders and the global ISM new order index all argue for a more cautious stance on chip stocks.
That would put still further pressure on companies to slash output and prices in order to get rid of the mountains of unsold goods now cluttering stores and showrooms.