Intel STINKS!! BASHERS ONLY!! (Bears Board) Message Board

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Technology Stocks : Intel STINKS!! BASHERS ONLY!! (Bears Board)

INTC 41.63

+0.3%

12:27 PM EDT

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To: Saturn V who wrote (400)	9/29/2008 7:54:03 PM
From: thorx	Read Replies (1) of 409

"Dorry to disappoint you, Intel closed at $18.50, a far cry from the low teens you expected last week." Your Intel closed at $17.27 today - just a few more dollars and it will be in the low teens. With the markets and the economy in a tail spin, Intel's' huge fixed costs with their huge new factories, coupled with dwindling end-user demand, profits will plummet. EPS will drop - so the share price will follow it down to keep the EPS in a 'normal' range. Bitter fact of today's life. Thorx

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