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Strategies & Market Trends : Wall Street Analysts
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To: Patsy Collins who wrote (136)4/16/2002 12:04:30 PM
From: Patsy Collins   of 167
 
Dan Niles, another of the annoying analysts of techs came out of his cave with his wig and bad mouthed INTC again.

Let's go through what the jerk had to say:

INTC Is overpriced at 29.48, should sell on rally. Buy instead foundries like TSM; which is cheaper.
First of all, TSM has a P/E of 74, while INTC has a meaningless trailing PE due to loss in recent quarters. And if INTC is "gonna suck", accoring to Niles, why would anyone buy TSM, with INTC as their biggest customer.

Niles also made a sick joke about those claiming to have made big money buying INTC after 9/11/2001. Niles said you could have bought Enron at $0.25 after 9/11 and made big money too.

First of all, Niles! Enron was not at $0.25 around 9/11. Second of all, you look very much like a terroist yourself.
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