They're approaching a good libel and slander suit. INTC doesn't have the brains to start it, but the SEC may step in.
Ashraf - Great article on Google going with ARM and very timely too. Thanks again, too bad INTC investor relations or PR dept. doesn't know how to respond in a timely manner.
That's all it took afterhours and a rumor that was "no comment" by INTC on Bloomberg to drop the share price by $.70. That translates to 3.5 billion in shareholder equity lost. I would encourage everyone who reads this to contact investor relations and let them know what you think of their response and their public relations as I have.
You might be right. INTC management won't respond and we will get crushed. Oop's they did respond with no comment, that's the worse answer they could have come up with.
Wonder what Jimmy is thinking. Probably wishing it was summer and he was playing with his ponys. Who knows, if he doesn't change his tune on INTC soon, GS may give him all next summer to play with his ponys.
Actually INTC is the #5 shorted stock now. IBM is #6 and falling. With the reduction in shorts, we are about to see some positive momentum.
You didn't miss anything. Driving price on low volume hoping to cover and go long. No big hurry as INTC management won't defend stock price or use buy back. Notice QCOM and HPQ don't sit idel when they go after their stock. That's the difference in competent management and INTC. God forbid, Don't let Stacy anywhere near the public as he's done enough damage.
I think they got the message. Short interest is down 7 million shares in the last 2 weeks. Also an inordinate amount of negative articles after the 2 upgrades last Fri. I think they want in and want in bad.
Markets continue to defy the odds by reaching new highs nearly every week. Some skeptics are saying this bull market can’t last much longer.
Seth Masters is not one of those skeptics; the chief investment officer at Bernstein Global Wealth Management joined The Daily Ticker to defend his prediction that the Dow (^DJI) will break 20,000 by late 2018.
In May, Masters joined the program to explain why he thought the Dow would reach the 20k mark by 2020. Now he believes it will happen two years earlier and notes that markets could hit that important threshold by the end of 2014.
“The fundamentals underpinning the valuations of stocks today are quite strong,” he says. “The reason why we’re ahead of where we originally expected to be is because the economy approved a little more than we expected and also because P/E ratios have normalized more quickly than we thought.”
Related: Dow 20,000 Is Coming in 2014 or Early 2015: James Altucher
This is not just a bubble, says Masters. Comparing today's P/E ratios with stock valuations from 2000, he points out that markets are only trading at about 15 times earnings whereas 13 years ago they were trading at 25 times earnings.
“If you compare today’s markets to the peak in 2007, companies today have half as much debt relative to their balance sheet as they had then,” he says.
Bond yields are historically low which have made stocks appear cheap. Will the market rally end if bond yields increase? “In the past it’s been pretty consistent that when yields rise...it's generally good for stocks because the reason yields are rising is that the economy is improving,” says Masters.
Wally-#5 is incorrect as they are going to give a billion in subsitys to promote Haswell. This is most likely 2 to 3 billion in sales that they will take from ARMH.