Typical response from INTC. Not one blanking word from Paul, Stacy, or IR that INTC is doing well and will beat their numbers. They should have listened to the Cisco flamer and noticed what happened when you pound the desk on the virtues of the company. Guess they don't give a hoot about the stock price or even the employee options.
Go to www.intc.com under company events and listen to webcast dated August 9.
Intel IR gave some very strong data that gives them strong confidence in continued double digit growth. In fact, accelerated growth was mentioned too. It is a good 45 minutes. Very convincing. The news sources didn't give it much attention though. If investors spend some more time listening to the credible source for information, which is Intel, rather than some biased analysts, they would see that Intel will continue to beat estimates for many more years.
What more do you expect from a company who employ a FORMER SHOE SALESMAN (married, with children?) as its European Sales Chief????????
This company has been drifting in the wrong direction since the "Itanium will change the World" mythology of circa 1999/2000.
It was ridiculous then and it's ridiculous, and DYING, now.
The then "new age" of MBA-wielding "experts" promised a Nirvanah if only the entire company forgot about the desktop (which was already won, signed, sealed, delivered, they said) and concentrate every last bit of energy into winning the SERVER CPU market (<1% of the mainstream CPU volume market!!!!) and persuading everyone that ONLY Itanium could lead the into the Paths of Righteousness.....
THEIR religion, THEIR beliefs, Their lies, Their mistakes.
But THEY don't pick up the bill!!!!
You mugs (shareholders) do.
Just remember it was Ottellini, Maloney and Co who who drove it all.
Yup, THEY'RE still around picking flesh off the remaining bones.....
They can't say that they will "beat" their numbers. Intel issues a low/high target range. If Intel said they would be beating their numbers, they would be "raising" guidance. I don't think anything has changed for Intel to raise their forecast target range.
The Nomura Securities analyst uses the word "disconnect" to describe why Intel's forecast is higher than everyone else. "Disconnect" for him means "Intel management is wrong". That is the way he and other are stating internally: "Intel is wrong".
We are in a technology bubble again. The bubble is just a "negative" bubble this time where valuations are low.
I hate to say it, but I hope this stock stays down just a little while longer, so that I can take profits elsewhere and reinvest in INTC.
I plan to remain long INTC, and I expect the price to go up, my intention is to own even more shares before it does :)