RE: "If Jim McMannis knows that Timna is a dead issue two months before Intel does, what does that tell you!?! John"
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Hi John,
The fact that Jim knew 6 months ago, means Intel management did too, so, I would bet they kept it going just in case they had to pull it out, sort of like an insurance package, which is a good thing. This is my speculation.
But is this term insurance package needed when Apple warns about low-end market demand? Seems to me, with Apple warning and with e-machines being the way they are now (relative to last year's glory days in the low-end PC market), and with Celeron costs dropping, seems like it is a good decision to cut it, especially since Intel had said they expect strong demand.
Speaking about Barrett's earlier comment regarding strong demand, when's the next CC? For a stock that has dropped this much (the second largest drop in the company's entire history), I am rather surprised Barrett (or Corp Comm) hasn't issued a press release to clear up the confusion regarding his earlier comments, or to set things straight, whatever the case may be.
Regards,
Amy J |
