check intel news and you will know why it was down
a new high in march
they key resistance is 16.60. if it breaks that it is huge bullish and should hit 18-20 in few months.
Did they explain the shrinking revenues?
it seem street thinks sales have bottomed
looks like big customers moving to other vendors.
this is horrible report.
this is shrinking company every quarter
so what happened briefly? GM was part of the bailout in 2008.
is it good because there are no margins in this business?
for the wireless unit i think in 2008/2009
so what is he big deal if they sell it for 1.2 bil
they will also lose 1/3 of their revenue if they sell it.
if it manages to break that it is a strong buy since it failed for the last 4 years.
it would need some strong news for this to happen.
that is about $5 per share.
But why would they sell it? they would lose all the sales (1/3) and profit with mobile too.
They will be left with non-growing networking gear
a dollar today
any rumors for buyout.