The gulf between Yahoo! and Intel

Oct.13.04 | About: Yahoo! Inc. (YHOO)

Look at the difference between Yahoo's Q3 results and Intel's.  They just re-inforce the view that companies that consume technology and leverage it will outperform companies that supply technology.

It's particularly remarkable that Intel projected revenue growth of only 2% year over year in Q4.  That's for a period when accelerated depreciation allowances (which expire at the end of this year) should be boosting corporate spending on IT.