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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

9/11/18

Integrated Devices (IDTI) is no dummy. The chip design company is up 10% after agreeing to be acquired by Japan's firm, Renesas Electronics for $6.7 billion. The deal helps Renesas deepen its push into semiconductors for self-driving cars. The downside is the Trump administration hasn't allowed many International acquisitions of US firms and their intellectual property. We'll see.

While one chip stock is up, the rest of them are down. Micron (MU) is down 3% today and down 33% in the last four months. Today an analyst downgraded the stock. Disk-drive maker, Western Digital is down 3% on a downgrade as well. Western Digital is down 50% in the last six months. Intel, Texas Instruments, Broadcom, Seagate and the chip equipment makers are all lower as well.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.