Amy,
I don't know if the Timna (system on a chip) concept is DOA or not. It was a good idea a year ago, but not a good idea now? Maybe the market for low end PC's has dried up, and Intel feels it won't return, or maybe Intel's plan to address that market was flawed. The only thing we know for sure is that the original strategy has been abandoned, so you have to assume it was a strategic error on Intel's part.
re: "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."
I wouldn't expect any comments from Intel until their Q3 earnings CC, it's just not their style.
I would certainly like to be a fly on the wall at Intel management meetings about now. I would like to see if they are pi$$ed off at themselves, or are blaming outside stuff for their recent problems. That would tell me a lot about the management of this company. Are they looking for a systemic problem, or just saying they are a victim of circumstance?
Sadly, right now I can't help but focus on the risk, rather than the potential, of Intel. I sincerely hope that changes.
John |
