Intel Corp (INTC)

[jhalada]

wbmw,

On the contrary, analysts have set the bar pretty low for Q3, so I can see Intel beating it.

I was responding to Snowrider, who said "Q3 and Q4 should be great." Beating very low estimates may be "ok" but it is not exactly "great".

BTW, I bought a bit of Jan 2008 $20 leaps. About 1/4 of a position I want to establish. I think I will buy the other 3/4 at lower prices. I am thinking that as the stock descends to $15 or so, it may be a good speculative buy.

Even at worst case scenario, Intel with 1/2 the current headcount and ASPs around AMD level of $90 to $100 should be profitable.

What I am wondering is how the market will react to upcoming write-offs and one time charges. It could be a wild card. I wonder what Fleck says now...

Joe