Mary, re: "here is a guy who knows what he is talking about"
Geez, can I give you my wife's e-mail?, she may disagree, Seriously, thanks for the compliment.
I think you and I and most on this thread think Intel is one really great company. We spend a lot of time keeping up with their technology and their incredable skill at implemention, getting new technology from the drawing board into the hands of end users FASTER than any company, maybe in history. The frustration is that those that don't follow the company as closely as we do don't get the full story of the past present and most important future of Intel.
IBM is a great example of a company that knows and uses both public and Wall Street PR. They are in the process of completely changing their business and in the meantime their operating earnings are suffering, yet they are managing to increase the confidence in the company, and the subsequent share price. Remember the "Big Blue" chess match, now that was taking something that was nothing and putting it on the front page of every newspaper in the world, for days in a row, in a way that the average person could understand. The announcement of copper for chips was hailed in the media as the second coming. Their recent earnings reports have been questionable at best (IMHO), yet their analyst spin is such that they come out as heros. It would be a brave analyst that would downgrade IBM at this point.
I would certainly rather own Intel than IBM, because I would rather own superior technology and operations than superior PR and IR. The release of the information on the new Intel technology to allow HDTV to be viewed on TV's and PC's could have been a big deal, but the story is hidden in obscure outposts on the net, and small article in the WSJ.
I would just like to see this company trade at what it is worth, and I don't think that will happen untill they can get the story out of what they are doing and will be doing in the future. If that were fully understood, then I don't think a 2 cent miss would have much effect on the stock price.
Thank you for your well thought out posts.
John |
