Cancelling 4 billion in losses translates into 80 cent/share in profits. Even with INTC's pathetic PE of 12, that translates into 9.60/ share price increase.
Has all the looks of a fund departing before the end of the month. Hope that's the case or we could be in a world of hurt next week.
Looks like Warren got it wrong again. Ko has been a long time staple of his and is shrinkg in value and taking on debt ( see aritcle by Brian Nelson, CFA) .INTC on the other hand has been expanding. INTC and IBM were both bought by Warren's new right hand man. He later sold INTC at a big profit because he liked IBM's story better. IBM has just booked 14 qtrs in a row of shrinking sales. INTC just had a good qtr and as usual they threw cold water on it and the stock price fell. Seems the only thing Buffett got right is INTC's senior management can't get out of their own way. Maybe this is why they brought in the QCOM guy at a hefty price and were beginning to see senior managers departing.
Seems the big boys have picked the opportune time to decouple from oil. We will now hear how rising oil prices will cause a recession. what a bunch of BS and manipulation.
Wally - You sanctimonious fool. I and a lot of people on this board are getting sick of your pom pom cheer leading. This board was created for exchange of ideas and points of view. Yahoo didn't employee you to be the board monitor nor did they put you in charge to ride heard on anyone who says or disagrees with you or INTC. You run around bashing anyone who disagrees with you and expose your self for the hypocrite you are. Stick to cutting and pasting articles where you supply valuable information.
INTC looks very good. Problem is management couldn't sell a life jacket to a drowning man in the middle of the Pacific. INTC's earnings were .54 above expectations and they cancelled it with a 1.2 billion write off. We took a hit after hours of a dollar a share. MSFT reported and we took another hit. AMD mumbled about selling to Chinese and we took another hit this week. AAPL reported today and looks like were going to get hit again tomorrow. INTC desperately needs a public relations firm to reshape INTC's image. If they just got even with the S&P trailing earnings we would have an 18 PE and forward earnings we would have a 22 PE. The BOD should hold BK and SS accountable for this under performance and never given them a raise.Might be the eason for the departures and hiring the QCOM boy.JMO
BK is to busy with other things he let blow up in his face. He and the BOD will wait until the stock market has trashed INTC's stock price. Then they will issue a ton of options to all senior management for the great job they're doing. Then they will issue a statement on how they intend to protect their interest.
Warren sold INTC because his manager convinced him that IBM had a better road map. You can see how that went for him.
Funny, I see a new positive spin coming out of todays CC. I think BK needs to show INTC is serious about INTC's future and thats why the turnover. I also expect the usual sand bagging on next qtr may be done .The old INTC is gone and the new INTC is about shine.Look for Stacy to lose his nervous laugh and really turn a positive spin. I believe both are under pressure to perform or they too may be shown the door.JMO
The u6 was approx 7.7% under Bush and is finally down to 12.5 under Obama your lord and savior.
This number, the broadest official measure of unemployment, is important for many reasons. Fed Chair Janet Yellen has referred to it on a number of occasions, saying in herfirst press conference, “Certainly look at broader measures of unemployment. …With 5 percent of the labor force working part‐time on an involuntary basis, that is an exceptionally high number relative to the measured unemployment rate.”
It’s only been officially tabulated since 1994. It has a shorter history than the headline U3 number, which may explain why it hasn’t been as widely cited. The current number, down from a high of 17.1 percent in March 2010, is still higher than any previous peak in the last 20 years, showing how weak the job market still is.
Too bad they don't use the u6 unemployment rate instead of the feel good u3 rate. That's why less people filed for unemployment and the overall rate went up. The discouraged workers and under employed are finally returning after 7 years.
I like the news but It would be nice to have it substantiated by other 3rd parties.
Once again we enter the quiet period and all the #$%$ roaches come out of the wood work. Just to make matters worse, BK takes this opportunity to shuffle several senior execs out the door. While this is most likely in INTC's long term interest, the timing couldn't be worse ( during the quiet period). Google took this opportunity to say they are teaming up with IBM to make an ARM server to replace INTC at Google. It sure would be nice if BK would find a competent person to take over public relations at INTC. On the brighter side Brean Capital initiated coverage on Intel (INTC) with a buy rating and a price target of 36. Last only 8 more trading days before we hear from BK and company with the earnings report.
How do you think he got his 30% pay raise? It sure wasn't his great management skills that brought the stock to 40/share.
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