analyst certification and required disclosures begin on page 23 1 ubs does seeks to do business with companies covered in its research reports as a result investors should be aware that the firm may have conflict of interest could affect objectivity this report consider only single factor making their investment decision customers united states can receive independent third party company or at no cost them where such is available access www com independentresearch call 877 208 5700 request copy global semiconductors equity sector comment ab i o memory seasonal demand growth slowdown approaching null proprietary dram nand models point increasing risks we expect slowness h107 push asps down raise our capex forecasts 10 17 for 2006 2007 now 58 12 month trailing sales ratio both estimate pc
