Actually Wally does have a lot of value when he copy's articles from sources I don't have access to. Wally's real problem is when he goes off his meds and begins his tirades on ARMH and his liberal political bull. Gotta say that really diminishes his credibility. JMO
Anyone want to bet on what INTC will do next week to destroy share holder equity next week. Oop's, I forgot they still have tomorrow to superscede this latest rout. Only consolation is all the INTC employees and management that were awarded all those stock options are rapidly becoming worthless.
Unfortunately, the big boys are going to price this in 3 or 4 times. The management is so inept, they won't do anything to stem the tide. This announcement proves that if it weren't for bad timing, INTC wouldn't have any timing at all!
Last week Thursday, INTC touched a high of 34.50/share. This morning, we are at 30.84/ share pre-market. That's a loss of 18 billion in stock holder equity. This comes on the heels of BK going to mobile congress. He was upstaged by Samsung with their 14 nm Galaxy 6 announcement. Then the leak about AAPL going with Samsung for 14 nm and leaving TSM. After 4 days of heavy losses to stock holder equity, a leak finally appears that INTC will be getting some of AAPL's iPhone business in 2016. INTC begins to make a recovery and management announces a sales warning. It just doesn't get any better than this if your a shorter. The absolute incompetence of INTC management and the way they announce news is a joke to say the least. This sales short fall amounts to 500 million and the stock drops 18 billion during the last 4 days. That's a 36 to 1 drop, talking about the dog waging the tail.
If that were true, We would be trading at 17.7 times earning like the S&P. The fact we aren't puts a very big hole in your statement.
The question is "How long before MSFT gets around to launching it" Hope MSFT and INTC get their act together and launch it near term.