I agree with Alexander. This stock is more likely to see $20 than $30. When the CEO starts spouting about 40M tablets target on track, thats worrisome. Unless there is a shift in corporations buying more PCs/servers or consumers buying more convertibles, there is no growth here.
This stock is literally being held up by a record bull market. The growth prospects are dim at best in the short/medium term. Funds are blindly dumping their $$ into this name because they think its a safe place to earn 3.5% dividend. The worm can turn fast...
No one is buying PCs & laptops because of the crazy winter weather. Not good.
Single-handily virtually destroyed Intel shareholder wealth for years to come because of his poor decision-making & then had the nerve to take a $10M+ salary as he was walking out the door.
The ONLY space Intel has a growth story in is in the data center, which is roughly 30% of their business. Unfort., due to cloud, virtualization, and now competition, even that segment is becoming cloudy. The market is rewarding INTC with a 13 PE, which is pretty rich considering Intel's zero growth dilemma. When the overall market corrects 10% or so, INTC could easily be back down in the high-teens low 20s. I expect the CFO to sifgnificantly reduce headcount soon, to the order of 20-30%. Thats the next catalyst to move the stock, imo. Paul O. sealed the fate of Intel investors when he totally missed mobile & the Apple deal.
Its game over. Qualcomm has too much of an ecosystem established for Intel to overcome. We can thank Paul O. for this failure.
Putin not backing down. Obama using is saber-rattling tactics. Where is Bush when we need him the most..
He showed no mercy...
The only way to win at mobile is for Intel to vertically integrate. No way Intel can unseat Qualcomm as the dominant SoC supplier - its too late.
He has it right to call out Intel management on lack of Intel leadership in mobile. As a long-term investor, I am very worried about growth prospects. Where are the cost reductions, Mr. CFO?
Bravo Ashraf for calling out Intel management. We are now seeing how badly Paul O. ruined this company. It will be years before Intel can claim any sort of leadership in mobile, meanwhile PCs/laptops become marginalized. It amazes me Wall Street is giving INTC a higher PE than Apple right now.
Say what you want about him, but Ashraf has influence. A very worrisome review.
Looks like another disappointing mobile showing for Intel at major MWC conference. Intel is not even in the mobile ballgame, yet we get silly tweets from people like Francois.