WTE

As in "Worse than Expected" (and a nod to this blog's title)

An acronym for our times. Stay tuned for almost daily "WTE" reports as 2009 unfolds, and as the reality of the mess arrives to the endless 'surprise' of our putative biz leaders

Today's WTE:

Gartner Finds Global Chip Revenue Worse Than Expected

A new report by Gartner finds that the global semiconductor industry is being hit harder by the slowdown in the global economy than first expected. The problems stem from less consumer buying as well as businesses cutting back on their IT hardware purchases.
HELSINKI (Reuters) - Global semiconductor revenue, hit by the economic downturn, is expected to fall 24 percent to $194.5 billion in 2009, according to research firm Gartner, in a marked worsening from its December outlook.
In mid-December Gartner forecast a 16 percent fall in the 2009 chip market.
Gartner forecast the market could fall at least 17 percent in the first quarter, but said the drop could be much deeper.


Geeeezzzzz

Could be much deeper? Thank god for the likes of Gartner. Where would we be without those who charge $$$$$$ for hedging on the future after blowing the past?

Hint: If a firm gets it wrong all the time, do not expect them to get it right in the future