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of Intel (
): Analyst Patrick Wang is worried about still-weakening PC trends, peaking chip prices, and
of Atom CPUs to cannibalize Core CPUs. Meanwhile, fellow Evercore analyst Rob Chira now expects PC sales to fall 10% Y/Y, worse than a prior 6%. Citi's Glen Yeung, who has cut his Q2 Intel revenue forecast to $12.61B from $12.9B (consensus is at $12.89B), says notebook production has been weak and Intel's back-end (assembly/test) supplier orders were flat to down 5% in Q2. (
IDC on PC sales
View news story
Evercore does this to Intel every quarter. It helps their margin banking profits. With Citi usually piling on to goose their short traders. A week or two before earnings they give their preferred customers a wonderful gift by screwing one of the best and strongest companies in the world.
Amoral and unethical predatory capitalism in its most blood-thirsty form.
Jul 8 02:49 PM
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Friday Options Recap: Expiration Day
Starting Thursday morning 4/19 CRUS started to drop precipitously even after a Sterne Agee upgrade. It continued to drop on both Friday and Monday morning losing nearly 15% at the bottom.
At 9:29AM Monday the board of CRUS announced the death of the chairman and co-founder Michael L. Hackworth. The San Jose Mercury reported today that he died surrounded by family on Saturday, indicating that his death was anticipated.
The question is who knew that Mr. Hackworth was deathly sick and were trading unusual volumes of put contracts starting on Thursday?
As the Wall Street Pit site noted on Friday: "It looks like one or more traders purchased the majority of the $21.."
If true, this is not broad market activity but a discrete group. So were they anticipating earnings or did they have knowledge of the failing health of Mr. Hackworth?
Apr 24 11:00 AM
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