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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: Dave Kiernan who wrote (75259)4/17/2001 11:24:24 PM
From: Ibexx  Read Replies (1) of 99985
 
Dave,

Re.
Beat by 1 cent, not by Intel products, ..

True. But market was probably expecting much worse. There were also some very positive comments at the CC (see Amy J summary on the Intel thread). More importantly,

After all, the stock had declined almost 70% since its peak mid-year 2000. More importantly, INTC sr management Ottolini and Barret seemed to have a firmer grasp of the shortfalls of next couple of quarters - in other words, negative news with some degree of certainly - which differ from the total lack of visibility proclaimed by Cisco's John Chambers.

JMHO,
Ibexx
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