Pancho,
Re:Wrong! Tactics and Strategies: Cramer Explains His Intel Thinking>>
Cramer thinks that everyone is worshipping at the altar of Intel. Where the heck he has been? INTC has been the one of the most abused(unjustly IMO) stock I ever followed, especially the last 6-8 months. First the AMD K-6 hype, then Pentium II flaw, DEC lawsuit, earnings warning, FTC investigation, now the sub-1000 pc scam and so on. The stock price was all over the place, it actually bled from 95-98 to 91 recently due to earnings uncertainty, instead of a run up before earnings. Just because this Cramer guy is flamboyant and make outlandish statements, doesn't mean that he is right all the time.
BTW, Cyrix says they sold 400,000 mediaGX chips. Is this number reason enough for all this crap about sub-1000 pcs taking over the world?
All in all, from a long-term perspective, after absorbing everything that has been said in the media and on this thread, I think this will be a blessing in disguise since it will lower expectations and have potential for positive surprises. I would prefer this to high expecation and no margin of error.
Regards,
Clayton |
