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Intel Corporation Message Board

  • sujit_98 sujit_98 Jun 6, 2013 2:57 PM Flag

    Beware of these analysts: Stacy Rasgon/Romit Shah/James Covello


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    • The last coordinated attack on Intel was June 5th and it produced a 66 cent downdraft in the shareprice. Today we have:

      1) Evercore downgrading to underweight with a $20 price target.

      2) Citigroup says Haswell won't compensate for slowing PC market.

      3) Bernstein Research gives Intel advice on how to slow down its slide into irrelevancy. Once again, pesky capex is the villain causing our woes.

      It's embarrassing how obvious these attacks are becoming.

    • I'm not sure anyone needs to punish these cretins. They seem to be doing a pretty good job of it themselves. Everyone who has listened to their advice for the last six months must have massive losses.

      Who's their daddy?

    • Covello in particular seems to have an agenda. His constant criticism of Intel's aggressive capex seems designed to cripple Intel and give ARM and its ecosystem a breather.

      A lot of money has recently been lost by those betting on ARMH. The put options I'm following have appreciated 75% over the past month.

      Yesterday's triple blast from disparate analyst houses was a coordinated attack.

      Even on SeekingAlpha you can see increased activity to spread FUD. SA poster "Cincinnatus" is working overtime smashing down lie after lie.

      • 2 Replies to t_e_n_k_a_y
      • CAPEX is a means to an ends and an investment in future production and production efficiency. Don't really understand why analysts always want to distort it into a negative unless their aim is to purposely manipulate the stock. If you look at most of the bear analysts you can see that they all have buy recommendations on ARMH so their bias is pretty clear.

        INTC has spent a lot of money retooling their factories for 450 MM wafers. They are way out in front on this and this has allowed them to have efficiency that the others don't have. The result will be margin expansion due to increased efficiency. Hard to see that as a negative.

      • Interesting you mention Covellos's criticism of Intel's CAPEX for 2013. Intel's CAPEX was a key reason he slammed Intel and gave it a $16 target. Yet his colleague at Goldman increased his target for TSMC after TSMC announced they would increase their CAPEX in 2014 & 2015 by about the same amount Intel would spend. So when Intel spends the CAPEX to ensure its two year plus advantage over of its competitors CAPEX is bad, but when the competitors in the ARM camp try to overcome their competitive weakness with a similar investment two years after Intel - its good.

        These guys are comical.

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