Posted on 01/15/2008 2:30:59 PM PST by Kid Shelleen
Though Intel Corp. reported a 51% jump in net profit for the fourth quarter on Tuesday, the results still came in under Wall Street's expectations, leading to a sharp selloff in after-hours trading. The semiconductor giant also issued a forecast for the current period that disappointed investors who were already worrying about the outlook for tech in the coming year.
Intel shares plunged nearly 15% in after-hours trading Tuesday after the report came out. The stock had already given up nearly 20% of its value since peaking near the $28 mark a month ago
(Excerpt) Read more at marketwatch.com ...
It is waaaaay past time to fire Paul Otelweenie and get a real CEO back on board who knows how to grow a firm instead of dismantle it piecemeal like an 80’s corporate raider.
How can they grow as fast as they have in the past? People have already realized that they need a computer (check: 1990s); people have already realized they need a computer with good networking (check: 2002 or so); and people have already realized that they need a fast computer to be able to watch videos and listen to music (check: now).
sounds about right except i would put need faster speed back to ‘97 :)
The old stock-buyback scam for boosting EPS backfires when the stock is a downtrend. They blew about $225M / 4c EPS this quarter buying 57M shares at $26.31.
btt
Everybody needs a reason to write down money!!
The US economy is the worst I have ever noticed!
about 90 billion wrote down so far, estimation!!
51% earnings growth isn’t fast enough for you?
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