Barry, Re: "Explain how declining earnings are good for
any business. Sounds like business is slowing down."
They aren't, but no company has ever been up sequentially, quarter after quarter, forever. A couple of weeks ago, Barrett said somewhere in Asia, or Japan, that Intel's second half sales would be strong. The same was said today (sequential growth would resume in the 3rd quarter). That's good enough for me.
Do you think it's been straight up from 0 to $25 billion per year for Intel in the past 28 years, with no setbacks? One year (about 1986) Intel lost over $100,000,000, and proceeded to get out of the DRAM business and concentrate on CPU's. They survived.
Hey, Babe Ruth struck out a lot. So did Mickey Mantle. Ted Williams "failed" 65.7% of the time (lifetime batting average of .343). Somehow they managed to remain employed until they chose to retire.
Tony |
