|We got SK Hynix saying the NAND supply tightness will loosen in Q4.|
We got WDC reporting Q2 and falling 7% the next day.
I'm not sure all the signs are that NAND supply will remain tight through next year. WDC says their customers have ordered up through next year, probably because they want to lock in supply, but there were also questions about double ordering and what have you. The tea leaves are starting to shift mildly in SIMO's favor, no idea whether it will continue or not, but the story has always been NAND production will pick up a good bit in H2 2017, and it might happen.
What SIMO really needs is for NAND over production to become clear, and then for the investment community to do the pair trade of short the NAND makers and buy SIMO. THAT would be a nice cycle to go through!
We can only dream......
Did you read the SK Hynix tidbits? Lots of good stuff in their conference call that make the SIMO stumble in Q2 sounds pretty temporary and already over. Hopefully the train gets chugging again after the upcoming conference call.