Replies to post #160851 on Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

ZH - Tomorrow am should be fun...How about NAZ 2,500 by end Jan?

[molly]

and QLGC is tomorrow........Vegas here I come.....Zeev..thanks for QLGC....

[langostino]

You were right Zeev

That's a stupendous quarter. I don't think those margins last though. Do you? I think we're still in that period where INTC is making do with less on the expense side than is sustainable, and with TMTA intoducing a new chipset for laptops and AMD ready roll, I would expect the pressures on margins to begin in by the quarter after next.

Not sure I'd call up 20 cents in AH "flying" though.

[punkle]

Zeev,

I think the INTC earnings were decent but fail to see the stock take off from here. Here are some thoughts:

- $7.8B vs. $7.72B (not exactly crushing the revenue number but a little better nonetheless).
- .25 vs .23 EPS. Decent numbers.
- CAPEX changed from $3.5-$3.9B range to $3.6M - $3.7B range. This is a negative for the market - many expected them to raise CAPEX.
- Q4 guidance of $8.1 - $8.7B - expectations were already $8.3B so this seems to be right in line, maybe a higher upside.
- Q4 margins of 60% (sounds like they're keeping their expenses way down and squeezing suppliers who probably have no pricing power but this is nonetheless a positive for INTC but maybe not for the market)
- Biggest negative is the stock has risen over 50% already from July when they started raising their outlook.

Seriously, I'm trying to look at this from a balanced perspective. I have never seen as much bullishness in the press and on this thread as I see today which always calls for caution.