Continuing in that vein:
"ThinkEquity's Ross warned investors that those losses may
continue and set a target price of $16 for the stock, a cut of
$10 from his previous mark. On Feb. 17, RBC Capital Markets's
Apjit Walia said the bottom for Intel stock is ``nowhere in
sight,'' citing inventory buildup and gains by Advanced Micro."
``They are going to slow AMD's gains but that's going to
come at a cost to revenue and profits,'' Ross said. ``Things are
very tough, a lot tougher than people think.''
Lau, who retains his ``buy'' rating on the stock, said he is
concerned Intel encouraged PC makers to hold off ordering until
April, when the price cuts are expected.
``If you have a price cut that far in advance you have a
stall,'' he said. ``We could be looking at a huge miss.''
