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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (434740)	11/13/2008 12:25:01 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 1577019

**Intel Slashes Revenue Forecast Intel Cuts 4Q Rev View Amid Weaker Demand; Shares Slump Intel sharply reduced its fourth-quarter sales expectations Wednesday, citing "significantly" weaker-than-expected demand in all regions and across all product types. he world's No. 1 maker of PC microprocessors said revenue in final three months of the year is now expected to be $9 billion, plus or minus $300 million, instead of its previously forecasted range of $10.1 billion to $10.9 billion. Intel also said its gross profit margin in the quarter will be 55%, plus or minus a couple of points, instead of the 59% level previously expected. The news comes a week after CEO Paul Otellini described the current economic slowdown as the worst he'd seen in his lifetime. Intel was slated to give Wall Street a midquarter update on Dec. 4, but the company said that Wednesday's warning replaces that event. Shares of Intel were halted; they're scheduled to resume trading at 5:20 p.m. EST. The stock closed the regular session off 2.9% to $13.54. thestreet.com

To: bentway who wrote (434740)	11/13/2008 1:59:17 AM
From: tejek	Read Replies (2) \| Respond to of 1577019

Two signs that something is seriously wrong The BDI has been cratering since this past summer. I think it was you I posted the chart for DRYS.....well DRYS and the BDI are joined at the hip. They say there are so many ships docked in SE Asia......you can walk from Singapore to Indonesia. The ships are loaded but are not going anywhere because the banks are not honoring the letters of credit they've issued to shippers. That's one problem. A second problem has to do with commodity prices......they've dropped so quickly that a ship loaded with iron ore can't be sure what the price of ore will be when they dock at their destination. In addition to our screwups with subprime housing, China is also a major culprit in this mess. Prior to the Olympics, they were consuming commodities like their very lives depended on it. Then once the Olympics ended.....nada. China has not come back into the world markets for commodities in 3-4 months. So the demand for commodities has fallen off a cliff. I given up trying to understand exactly what's going on.....and I have given up worrying. I just taking it one day at a time.