Investor AM: Salomon's chip call

Summary:Salomon Smith Barney chip analyst Jonathan Joseph is pulling off a rare double play on Wall Street--he has called both the top and bottom for semiconductor stocks. Since Joseph upgraded the chip sector from "neutral" to "outperform" on April 11, the stocks he mentioned in his report have gained at least 12 percent.

Salomon Smith Barney chip analyst Jonathan Joseph is pulling off a rare double play on Wall Street--he has called both the top and bottom for semiconductor stocks.

Since Joseph upgraded the chip sector from "neutral" to "outperform" on April 11, the stocks he mentioned in his report have gained at least 12 percent.

"If it cannot get worse, it will get better. If it gets better, the stocks will begin to reflect that," Joseph said. That comment made Salomon clients a lot of money.Full story. --Larry Dignan, ZDII

Topics: Hardware

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