Re: UBS on "What if AMD beats" thesis.
It's possible to invest in Intel, risk free!
That's got to be one of the most biased statements on the lawsuit I've seen to date. Elmer's probably blushing about the blatancy of the bias. This guy thinks Intel's illegal behavior is great and "bolsters our belief that Intel is an aggressive tough competitor."
Consider his first point: The base assumptions underlying our thesis, which we review in more detail in a section below, include:
Intel's lead in notebooks widens with the upcoming Centrino/ Napa and Santa Rosa platforms to be released successively over the next 18 months.
The reality is that until recently, Intel had almost the entire notebook market - there was essentially no remaining share to gain. What has happened in the past few weeks is that several dozen very competitive new notebook models featuring AMD Turion and Mobile Sempron chips have been released - that will undoubtedly reduce Intel's notebook share, and more important, reduce Intel's margins on that reduced share. The reverse will happen at AMD. Intel's present notebook position is great, but by definition they have nowhere to go but down.
All I can say is, if you want to buy and hold Intel stock, use UBS as your broker, because if and when the AMD lawsuit wipes out Intel, you'll be able to get your money back from UBS - just bring a copy of this "analysis" along with a documentation for what you paid for your stock to the binding arbitration hearing - your every penny will be returned.
I can't believe UBS let this go out under their name.
