I couldn't restrain my urge to respond in a very light-hearted manner to your comment that DELL's stock price will double before IDTI's does. You may be right, but I'll bet a coca cola on it. My most recent take on DELL was that the company was not going to pursue any PC's selling under $1500, and that DELL was the only large PC maker that insisted it would use only Intel processors. In my view, DELL is going to ignore half the PC market and use the most expensive processor known to mankind. If they don't soon change that strategy, I'll take my coke from you within two years.
Beyond that, the semiconductor market has seen better times before and will see better times again. IDTI is awfully cheap right now if one makes the minor assumption they aren't going belly-up. I couldn't resist buying some more yesterday under eight bucks. We'll see how well it works out over time.
Other than that, I have really enjoyed Jackson's mythological references and poetry, Fugazi's prediction that the right price for IDTI was five bucks, and think Rob would make a super director. Let's hope he and the TA(technical analysis?) people are right about the dead cat bounce. Charlie Tuna's comment that the X86 market has been changing awfully fast is very perceptive, and I think the vast number of Intel fans and positive analysts will soon be choking on modest earnings. Intel looks like a good short to me, as does DELL, but one never wins when betting against popular opinion or the Fed. Like every other management, IDTI's has made mistakes, but in my working years I screwed up, too, and have more than a little sympathy with anyone trying to make an honest dollar in the semiconductor industry.
Long ago, I knew Len Perham when he was a young engineer. He was very good, quite aggressive, bright, and had a rational ego. I also thought he was honest about his own work, and still think him honest.
Best of luck out there, and don't panic quite yet. |
