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Intel (INTC -0.9%) ticks lower after receiving two more estimate cuts, courtesy of Stifel and...

Intel (INTC -0.9%) ticks lower after receiving two more estimate cuts, courtesy of Stifel and JPMorgan. The former is worried about the impact of macro conditions, Windows 8 anticipation, and high ultrabook prices on Q3 results, while the latter says checks indicate customer orders slowed in Q2 due to worries about Euro and Chinese trends. Caris, Baird, and others have already slashed estimates, and it looks as if some near-term pessimism is baked into shares.
Comments (5)
  • Tao Jaxx
    , contributor
    Comments (1274) | Send Message
     
    Good time to enter!
    9 Jul 2012, 10:31 AM Reply Like
  • ChesapeakeRay
    , contributor
    Comments (4) | Send Message
     
    Long term investors in Intel have no concern about "daily noise" issued by brokerages firms with clearly conflicted interests..
    9 Jul 2012, 10:51 AM Reply Like
  • salvaaj
    , contributor
    Comments (56) | Send Message
     
    Agreed. Talk to me in 2-3 years and we will see who is laughing while I collect my dividend. Long INTC.
    9 Jul 2012, 10:55 AM Reply Like
  • mjp1805
    , contributor
    Comments (17) | Send Message
     
    Likewise (per the prior comments). Long INTC and happy to collect the dividend. It's amongst the least of my market (or non-market) concerns.
    9 Jul 2012, 11:29 AM Reply Like
  • Russ Fischer
    , contributor
    Comments (2385) | Send Message
     
    Here's an interview with Stacy smith on earnings day last qtr. At 6:30 (near the end), Smith puts 2012 growth at "high single digits". That number has been re-iterated by both Otellini and Smith since then, most recently in late May.
    When one of the clowns backed him into a corner about, "a bad Europe has to affect those numbers, doesn't it?" He replied that Europe is no secret and that condition is considered in the 2012 projections.
    Smith, of course is the guy who keep dialing Otellini back from "20% growth" to, "Oh, I think Paul meant to say 10% growth".

     

    http://bloom.bg/Oqbx2U

     

    By the end of this year Intel will have at least twice as much capacity to make transistors as they had at the end of 2010.
    Are they doing an unprecendented ramp of three 22nm plants just to mothball one? I don't think so.
    9 Jul 2012, 12:47 PM Reply Like
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