Kealoha,
As far as the Q2 news goes, I think that any disappointment is already factored in. If they don't surprise on the downside and only do what they said they would, that is, only 5-10% off estimated revenues and margins where said they'd be, then I don't expect downside from here before then AND because of the split, which occurs right when earnings come out, we'll probably see some buying from small investors who thought Intel was "expensive" at 140-150 but more "affordable" at 70-80. This along with funds getting back in it after the end of the quarter will move it up some in the near term. The real movement will begin when the market recognizes the big profits that are being pumped to the bottom line by the new products, which are ramping up rapidly as we watch now. By September 1, in terms of market thinking, we will probably be where we were last August, when the street started to get on Intel strong and we know what happened after that, don't we?
JM2c. ICBW.
Have a nice weekend.
Barry |
