It was just a matter of time before it went red today.
Lets look at the facts.They beat by a mere penny on much lowered estimates that were at 43 cents just 90 days ago.Then they lower their full year sales guidance and that was expected to be rewarded with a rally?
cost reductions, going to cut capex, intel is clearly a lost co that has been trying to find a new way for years now. Been watching them struggle for eyars, would they ever do what Michael Dell did and go private to get out of the public eye?
All you had to do was take off the rose colored glasses and put the penny beat into perspective from the much lowered expectations.Then of course simply look at the lowered full year sales guidance to see where the stock was going.