David,<<<"PCs are not where you want to be making your money," Peck said. "But unfortunately, that's where 90 percent of Intel's revenues come from." >>>
That is one of the most bullish statements in recent times. Almost every one of the anlaysts in this sector has capitulated eg.,Peck, Edelstone, Osha, Joseph, Kumar, and Niles. They are using words like malignancy, cancer, and depression.
These guys may or may not understand semiconductors and personal computers (Osha understands very little of anything), but none of these guys have a real understanding of the computer industry and that is where Intel is right now - a proxy for the computer industry. A proxy for the technology behind the computer industry of which the Internet is at the core. Intel occupies the middle ground. From there, they could go in any direction.
If you think the computer industry and technology is finished then Intel is finished.
I am sure most analysts will tell you they understand the concept, buy low sell high. I'm telling you they don't.
You can tell me that I am oversimplifying complex dynamics, but I can tell you that, at the core, these analysts are stupid and don't understand important concepts - like buy low, sell high.
Mary |
