McNamee was just on Rukeyser. Sounded cautiously bullish on most big cap tech but basically saying to avoid Intel at this point...
Maybe there is a transcript on the PBS website if anyone wants to check out his comments, pretty brief anyway. Saying something about Intel being a great franchise but seeing changes regarding its business model.
Intel has great people and is a well run company and all but seems like before making a decision to buy or hold onto this stock, it may be time to take a really hard look at what is going on with its pricing, enterprise end users in the economy, competition etc. Past achievements notwithstanding, better have a really tight thesis with decent backup why these guys are gong to be able to continue to dominate, keep margins, maintain asp, and maintain growth considering everything that is going on. Cause if it aint the case, this stock, great products, R&D, personnel and leadership, could go the way of MU and a few others.... And even if longer term this is not the case, any slowdown in enterprise spending could create the illusion that this is the case.
Not sure what the answers are myself, trying to figure it out but sure not betting bullish without good tight answers to all the above. (Of course, y never know what this market may do with any stock anyway. Takes a lot to make them go down if they are popular. But if Intel starts to falter, decent chance everyone will run for the hills. Plenty of people are probably thinking about it.)
Alex P. |
