Joan - Re: "Why do you suspect "none of it will be good".
Intel will be in a room with 500 Analysts, nearly everyone of which will be drilling Intel for information about the sub $1000 PC, reduced profit margins, not having a "dedicated" chip for the sub $1000 PC, competition from AMD, Cyrix, IDT, Mrs. Field's Cookies, etc., etc.
Bacially, Intel will be entering a hostile environment. Analysts will only hear what they want to hear.
If they don't hear exactly what they want to hear, they will put a negative spin on what they do hear.
If Intel doesn't have an answer TOMORROW for a problem TODAY, then they will conclude Intel is incompetent, losing it in the "new paradigm", unable to cope with market forces, etc. They won't bother to reflect on how Intel got to its current position from just another start-up 29 years ago. They will assume that those hard-earned lessons Intel learned over the past 3 decades cannot be used again to navigate troubled waters by creating new solutions.
Read up on the analyst reports that are posted on the WEB - see how many are forcasting for strategic positioning 2, 3 or more years in the future. Essentially, NONE of them do this.
They all concentrate on NEXT QUARTER, or Next Week or Tomorrow. The fact that a company may be executing a specific plan to get them to a unique position 5 years out will be lost on these guys.
Their (the analysts') audience is fund managers, money managers, etc. They do not represent INVESTORS. Their objective is to rapidly re-direct large amounts of money under the control of a few people from Stock A to Stock B in order to realize a quick profit in Stock B.
Paul |
