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As I sit here going thru the ihub message boards on my iPhone 4S while my Dell Venue 8 Pro lays just an arm reach away...I think that article nails it. A big phone and a 15 inch laptop is the sweet spot for working people.
Bought some more INTC shares at 24.60 and then sold a covered call against them for March 22nd at $25 strike price for .42 cents.
Sorry Ashraf that was an accidental reply should have been a new post.
In my mind, this is an extremely positive indicator of PC stabilization.
Our household contributed to those statistics. Bought my wife a ASUS T100 for Christmas which was fun but then she wanted a 'real' computer to do work on so two weeks later bought a Lenovo touch ultrabook. The point being that tablets and small form-factor devices just aren't good enough for a lot of the work that people do on computers.
while the super high-end ($1000+) ultra books will always be a niche product for the status seekers and gamers. The mid-range models will make a resurgence as people continue to experience the limitations of the tablet. I think this trend is only just starting to play out now and will take a while to show-up in the numbers.
Anecdotally the slightly larger phone (or phablet) and a quality ultra-book is the winning combination IMO, the tablet not so much. Phone or phablet is sufficient for mobile internet access and casual couch web surfing. The larger screen ultra-book is mandatory for real work.
I'm confused. I thought we had finally entered the most innovative era in PC client form factor development that we have ever seen.
and there's this too:
China's Lenovo Group, the world's biggest maker of personal computers, said third-quarter net income rose 29 percent from a year earlier, beating estimates as sales grew in both its PC and smartphone businesses.
http://www.cnbc.com/id/101412738
Indeed you did and well done. I was poking fun at ibc but in fact I agree with his general premise.
At under 30 ashraf may not get that reference :)
As a former Intel Software Engineer (that apparently can't code his way out of a wet paper bag), I know I've earned em!
I'm working on a Steve Howe piece on my HD-28 as we speak!
I believe it goes something like this:
The above statements and any others in this document that refer to plans and expectations for the first quarter, the year and the future are forward - looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward - looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward - looking statements.
But the shares surely weren't free.
I always enjoyed getting my 'free' shares especially during the all-nighters and the many Saturday-Sunday deployments.
BTW: I bought shares at 24.43 this morning and sold a covered call at
Apr 25 strike price for .71 this afternoon. I'm happy with this position and will let it ride. I felt lonely without having an active position in Intel.
morrowminder: remember the April Fools circuit page that announced the Intel-Apple merger? I actually sold shares that morning after the 'announcement', that's how much in the dark I was during that time. LOL
You believed every word of your friends(so called insiders)
I can tell you from experience that even at salary grade 8 you still have no real insider knowledge (i.e. trad-able knowledge) unless you're spending your (work) time actually trying to acquire some.
It's been a tremendous relief already to be 'moving on' as you put it. I've spent the morning shopping for airfare and tickets for spring training baseball in Scottsdale, AZ instead of pouring over Intel stock news!
I have all but completed the final liquidation of my entire Intel position save for 2000 shares that are buried deep in a retirement account (that I will probably leave). My strategy has been to swap out all my shares for an equivalent position in VTI and SDY so I've been selling all shares all my the way down from $26 to $24 and buying those indexes instead.
Good luck to all the Intel longs that remain on this board.
So by that article it sounds like the stock may go down and then back up again or.... it may go down and then go down further or... it might do something else.
dumb question probably but what user features does the presence of a 'sensor hub' enable? is the presence of a 'sensor hub' a unique value proposition from Intel in tablets etc?
No customer is going to commit for multiple years on how many wafers they buy
'Commit' might be to strong a word since availability of a competing foundries more advanced process might force the customer switch to better position their product. But isn't there some kind of tacit agreement at some level that 'we the customer will buy your wafers if they are competitive with other foundry offerings'?
It would seem that there must be some way to mitigate the investment risk of the foundry since this huge capital outlay is being risked for the betterment of both foundry and customer.
Now if even after the huge capital outlay occurs the foundries process (and resulting products) is found inferior to the competition then the customer would be free to move on. The more I write this, the more complicated (and maybe impossible) that agreement would need to be, so perhaps I have my answer.
Wait I know...what about this: Intel could offer Lenovo fantastic tray prices if Lenovo will guarantee that they'll purchase certain quantity thresholds of device. And the higher the threshold, the lower the price per tray! It will be a win-win!
I've moved over to the yahoo message boards where the discussion is more civil and on point!
not your own facts.
Guess I missed the meeting minutes where Paul said 'take a hike' to Apple reps. I'll try to get my facts straight next time.
It told Apple to take a hike.
Sorry but that's the kind of hyperbole that is costing you readers.
Do you consider repeatedly dropping the f-bomb as civil discourse?
Attn moderators: Why do we have to endure the use needless offensive language on this board? This board has had a good history where the use of the f-bomb and other curse words has been avoided but lately I have seen more and more of these useless adjectives. I guess the answer is that I need to put these offenders on ignore?
If they are so smart, then why can't they make money the old-fashioned way - by working for it instead of screwing someone out of it?
They do work for it. It's very hard work to figure out how to walk that fine line of 'legality' and screw people out of their money. It takes meticulous study and execution to do it well and keep the SEC at bay.
And if they are so smart why do they get caught so often?
'So often' is relative. Wall Street investment banks are 'robbing' corporate America and individual investors on a regular basis and only getting caught once in a while. Only when they make an error that crosses over the line of legality do er ever hear about it.
Intelligence doesn't seem to their leading characteristic.
Disagree. Imagine Wall Street's teams of financial 'engineers' just like the semi industry's EE's and software engineers except their job is figure out strategies for separating other people from their money. You don't think that takes intelligence? Probably more intelligence than engineering work since their targets tend to keep a death grip on their money.
The complete lack of moral and ethical fiber seems to be their defining trait.
No argument there.
As for willco's original point: That is - How does his employer make money from clearly wrong prognostications?
I think what he is eluding to is also what I have often said about GS strategy to milk INTC for the steady stream of income that it provides by selling (shorting) large blocks of put and call options in the open market. This has been a successful strategy for years with this stock. But to make it work you need a stock that won't 'run away' from you either to the upside or the downside. Enter James Covello. Having a ridiculously low target price and perpetuating his bearish sentiment helps keep INTC range bound and makes it the perfect stock to execute their strategy. Of course Intel itself helps the strategy by delivering earnings that are always a penny up or down from consensus estimates so they don't move the needle much either. And whenever the strategy has been threatened (i.e. upgrades by other analysts etc.) out trots James Covello at a key time to re-affirm his call and keep his foot firmly on the neck of INTC price movement. This strategy wouldn't work if it was some small time investment bank in New Jersey or something. But this is GS and GS calls really are able to move the needle when they make or change a call. For good or bad (mostly bad) they are highly influential in the markets. We will all see this when one of these days GS decides to abandon this cash cow strategy for a new strategy that relies on stock price appreciation for INTC. It's not going to happen anytime soon though. This strategy will be implemented when they decide that Intel is capable of beating EPS estimates for 4-6 quarters in a row.
Wall Street loves layoff announcements. Lowering the bottom line increases profit margins so that announcement generally boosts the stock price. I would have preferred Intel waited until after the dust settled following earnings day to announce the head count reduction since then we have probably got a slight pop.
I don't understand what you mean. Intel as a company needs to be more humble or people on this board do?
closing its site in Dupont, WA
Glad to see it go, I never understood the Dupont campus. Went there once but over the years it seemed that teams just had one remote member of their team working out of Dupont. It was silly really.
You'd think they would have a rehearsed one-liner for him.
Intel is not managed by cowboys. Once they start delivering clever one-liners then it really will be time to sell!
I'm no great Intel fan...wait stop the presses!
Ditto here. More insights the better it is.
Where's one of those cheesehead hats when you need one?
To be fair it was that new facilitator (not the regular guy) that cutoff Ragsdon after he posited his THIRD question. I think this new facilitator was trying to show he was in control.
The board has quieted down a lot, I guess our resident Intel haters got their pound of flesh from the after hours trading!
If we close below $26 I'll eat my hat (and post it on this board that I have done so).
It felt a little tight in there yes but nothing new was really exposed except that DCG may not be the godsend it was purported to be during last quarter's report. But on the upside, their confidence on 14nm in Q1 was definitely there so that was good.
It's safe to say this wasn't that first call where BK could stand up and 'beat' EPS expectations for four consecutive quarters but perhaps Q1 was really too early to expect them to be jumping over the new lowered bar set back at the analyst day. I think it was good enough to wait for Q2. I'll start to worry if PC client and DCG revenue continue to stay flat or fall any further after Q2 (other than seasonality).
The after hours trading is always crap. I'd bet we close after tomorrows session just north of $26, which seems like fair value given this report.