Romit Shah is determined to ride this decision right into the ground.
He issued this update right after the Investor Day. I am surprised he waited until the end and only issued it once.
Nomura Securities Maintains a 'Reduce' on Intel (INTC); Update From Investor Day
May 10, 2012
Either Romit Shah is in denial or he's a total idiot. Intel is firing on all cylinders but he chooses to ignore it and wrote a mediocre summary about their update.
Same with Chris Danely. All these analysts are bearish and have little knowledge and understanding of Intel's manufacturing prowess.
With Intel's missle lock on the competition its superior chips and manufacturing prowness, it does not matter what the pundits like Shaw or Covello say. Intel will continue to prove them wrong as its stock price moves to the $40s
5) "Manufacturing – It’s hard to see how Intel will fill available 22nm capacity over the next year. That said, from a competitive standpoint, Intel’s lead continues to grow. High-k metal gate lead is around 3.5 years and Tri-gate lead of 4 years."
Just afew days ago I red the opposite - Intel would not be able to meet Apple demand.
22nm SoC has now priority - and they will try to pull it in
I wonder if his boss reminded him that he has been saying reduce on Intel since it was trading around $19 and had a target price of $18.
For someone who rates a stock a reduce at $19 and gives it a target price of $18, it must look odd that he has raised his target price to $25 today.
I wonder if his boss has mentioned to him that he should have just given it a strong buy rating when it traded at $19.
The guy has obviously become a complete joke.
He just doesn't know it yet.
Every office has one.
Just like the joke of this message board being Lucy.
Romit Shah has no background in semiconductors, has never worked in the industry.
His opinions are worthless in the semiconductor world.
He probably didn't understand a thing at the investor meeting yesterday.
Pay attention to what the Citi guy says, he has been in the biz.