Process Boy:
Re: I've never had an outside shareholder congratulate and thank me before! I am genuinely humbled.
Me too!
I was at a Microsoft seminar all day, so I didn't know what happened with the earnings. When I got home a little early, I turned on CNBC, and the first thing I heard was that idiot Pisani saying Intel had just warned about Q2, and that the stock price was sinking like a stone, or words to that effect. I then checked out the earnings release on-line, and couldn't believe that what I was reading was the same thing Pisani was reporting. Talk about biased journalism (if that's what it is). I'm glad he's not on in the a.m., when I'm usually watching.
Joe Kernan was saying that one analyst was complaining about the lower revenues. Since Kurlak left, there is a race to become the dominant semi analyst, and this sounds like an attempt for him to get some publicity (didn't work too well with me, as I can't remember who it was). This analyst seemed to be punishing Intel for their interest/investment income, as if it was bad to make profitable investments in other companies (he probably really dislikes CMGI, or even Berkshire-Hathaway). If this guy goes negative tomorrow, I wouldn't be surprised to see a competing analyst go positive, which has happened in the past.
Anyway, I caught the Bryant interview that was on CNBC a couple of hours later. He was quite confident, and emphasized that the Q1 earnings, and Q2 guidance, were no different than in the previous three years (except that this year, there would be an added bonus of high margins in Q2). Haven't listened to the conference call yet, as I'm on twin-watching duty while my wife is out.
Adam |
