my post it was indeed a bit snarky
One of the great things about this and other threads on SI, is that my vocabulary is always getting widened.
I'd never heard of "snarky", so I looked it up. My dictionary didn't have it. But I went to Gurunet/Atomica, and sure enough, there it was..."irascible", snarky, from the Low German, etc, etc.
Valuation vs. Growth.
Article in the Boston Globe Business section this AM, compared last 10 years between S&P Value index and S&P 500 (= Growth index). The curves were identically matched, with about a 250% profit in 10 years. They tracked eachother for the most part, until the late 90s, when Growth was outrageous, while value was on a steady incline. They now are in approximately the exact same position, realigned.
Gorilla hunting? Yes, I think there is value in hunting them. But there is also value in identifying the diseases that infect them too. No sense filling a zoo with animals that are likely to die.
I'd like to hear your cogent insight as to which "gorillas" you have determined will "die".
As for me, I follow Intel, among others. As for Intel, there are only sweeping and widening vistas ahead, near as I can tell. I'm speaking of their business, not their valuation. It is the business of what they do that more fascinates me, as opposed to their valuation; just my personal bias or interests.
Intel is positioned to begin to regain lost market share from AMD in the PC microprocessor market. Transmeta, at the low power end, is lost traction, AFAIK, and Intel has stopped their incursions, and looks to be quite competitive.
Meantime, while losing billions and billions in the process, Intel is clearly gaining traction in the non-PC areas they targeted with their new strategic plan in '99-'00, which entails assaults into high end servers, cell phones/PDAs, and networking equipment. There is evidence of sales and OEM plans to use Intel chips in all of these areas. Their strategic plan is beginning to bear fruit, and the losses are declining in these areas.
Intel is taking market share in communications, PC, and servers, is on an incredible roll with faster releases of a whole slew of different chips, and has by far the greatest and most efficient FAB capacity.
I don't see any fatal infections, here, John.
Apollo |
