John, I just saw Dan Niles on CNN Moneyline. Again, he's very bullish on Intel, predicting > $200 a share within 12 months. The British fellow host on the show interrupted him several times, saying 'wait, are you predicting a greater than 50% increase in Intel stock price?' Niles said yes. Niles' reasons were that Intel would improve their manufacturing in 2H, be able to ship more, and, in conjunction with the overall chip market conditions of high demand and tight supply, prices would stay high. No mention of new products, like Timna. In the past with Intel stock, it has been during times of process and manufacturing improvement of released products, rather when they are first released, that the stock has done best. Let the AMD boys chortle in glee about the latest bump in the road, Timna, but get those PIIIs flying out of the fabs and the earnings will set records. Having said that, I certainly hope they keep Willamette and Itanium on schedule.
Tony |
