Re:"Drew Peck was just on CNBC. Strong recommendation to sell Intel. Reason "Chipmaker stuff."
THEN, he announces that his Broker, Cowen and Co. has just "begun coverage" and that every one should take all their money and buy TRANSMETA a new, unproven chipmaker.
It has been 25 days since Transmeta IPO'ed. An underwriter must wait 25 days after the IPO to begin coverage. I assume Cowen was an underwriter of TM, but I don't know. "
Is that the TRANSMETA that had their product offering withdrawn by SONY?
Is that the TRANSMETA that is having difficulty getting tier one guys to put the chip in their box because there are Intel alternatives at virtually the same power rating but much faster?
Oh, that TRANSMETA that has a good chance of going bankrupt if no one wants their technology and products. Great recommendation.
His recommendation was to short TRANSMETA, wasn't it?
Must have have been, he's a real smart guy when it comes to "chipmaker" stuff.
Seriously, that's one recommendation to bookmark. There are correct, wrong, dumb, and obviously dumb investment suggestions. I wonder where TRANSMETA falls on that scale?
Regards,
Burt |
