I didn't get the REV right, but there is a real GM problem now. I'm sure it's just more dumb luck I've been screaming about margins too!!! REV miss will come, be patient!
They also paid on Avg. $17.66/share for the shares they bought back. Brightest minds behind the scenes in the PC biz aren't perfect either.
Why didn't inventory climb for Holiday sales? Isn't that normally the pattern for this one?
10PM Intel hit wall in terms of cost savings (INTC) 16.52 +1.42: -- Update -- On call, says it is seeing a situation where it's just not seeing demand pick up and that it hit a wall in the way of cost savings, which was the biggest factor behind the disappointing margin performance in Q3... says margin improvement going forward will have a lot to do with demand... INTC -2.08 at 14.44
Read those last few lines again:
says margin improvement going forward will have a lot to do with demand... INTC -2.08 at 14.44
and
4:32PM Intel's Q4 guidance (INTC) 16.52 +1.42: -- Update -- Using the midpoint of Intel's Q4 revenue guidance, we arrive at an EPS estimate of roughly $0.12; the current consensus is $0.16.
Ok, now who got it right?
Bears win, estimates get the axe again tomorrow.
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