Mike:
What a wild market eh? (one Canuck to another). If the kind of ugly news that INTC laid on the market can't shake the dolts, what will it take? I get a kick out of the fact that these crazies are paying more now for INTC than when it had better numbers, continuing actual growth and no competitors. Not that those are important considerations. (g)
Perhaps, just perhaps, CPQ's "mia culpa" may kick it closer to the cliff's edge, but these darned dippers hardly wait for even a tiny retreat before they jump in and rescue them. I'm not yet holding my breath. (g)
Europe has been a buyer of late, which is encouraging, as they are usually the last to the party. My only worry is the Japanese "deregulation", which could dump some converted Yen into this bloated balloon, and keep it floating for a few more weeks. One thing on our side now is that the news will just keep getting worse for the foreseeable future. PC's are simply not selling at near the needed pace, and the supply side just expands. Haven't ever seen it this bad. I expect negative revenue growth this year for the PC sector, which will be an historic first.
Best, Earlie |
