James Covello forecasts that if Apple move to Intel, that Intel should drop because of the narrower margins. By extension of his logic, Samsung should pop based on loss of Apple business and expanded margins. TSMC should also move up nicely since their margins will not be threatened anymore.
Not bad...margins might be far better than "expected"
IMHO too much Barron's, Forbs, seeking alfa, fool,wallsheet garbage floating around.
Oct 22, 2012 – While we believe Intel will remain vigilant in the ramp of 14nm, as Intel ... to 14nm (80-90% of equipment bought at 22nm is reusable at 14nm node), we ... Barclay's Muse said:
do you know what Intel's depreciation schedule is for equipment?
is it linear or can they use progressive
Covello can't downgrade further so he manipulates anyway he can. His clients down need to see the logic in the statement, because they just follow the short and make money. I am guessing INTEL has no banking relationship with GS. Who handled the sale of new debt? The should be pounding the table on INTC. Todays huge swings are too similar to the recent runs and then drops. INTC needs at least one major analyst to press positive for the stock.