CNBC just had the Bull(Hans Mosesmann of Prudential Securities) vs Bear(David Tice of The Prudent Bear Fund) on.
Bull: Upped his recommendation from accumulate to strong buy, raised from 85 to 98, says PIII is doing well, meeting expectations on PIII, thinks upside in 2nd 1/2, addressing all markets. Says Business mgr need high end, mentioned Xeon also. PIII high end, Celeron low end.
Would buy. Says seasonality factors are causing fluctuations in stock.
Bear: Problem is PIII is not much better than a Celeron, said users need a PIII as much as Dolly Parton needs breast implants. Says Intel didn't try to sell 386 when 486 came out, yet now are selling Celeron and PIII. Business users want $400 business PC. Then says Celeron is best buy and $1,100 PC is good enough. 1st he says they will make numbers, then he says he would sell, sees stock at 45, then 25. Harped on PE, says Intel is being left behind by cheap PC's.
Bottom line, it seemed like one was a real analyst and one was an actor that read a script. Tice also had a twitching cheek, think he does that when he's lying or just confused? As for his Dolly comment(he started out like he finished -wrong), you don't need what you already bought. |
