Wednesday, July 19, 2006

After cut of 1000 managers, Intel cuts 2006 profit estimates for $3B

Finally, a truth on bad hardware.
Intel is hoping to boost profits by slashing costs and inventory. Growth in PC sales is slowing and Intel predicts annual profits will be $9.3 billion, which is significantly lower than the $12.1 billion earned in 2005.

Oooooooops, some $3B less than in 2005 ! ! !. But price war with AMD yet really didn't start !.
That is it. If no more manager cuts at Intel, seems that each manager has made for its company average LOSS of some $3M per year. No more profits, no need for the managers. But ,being nothing has been cut in Israel, percentage of Jewish managers at Intel jumped significantly. Seems Intel goes to Israel, AMD goes worldwide. (Can we say so?)
It is even worse.
"I think they are going to do worse than this. There is a pricing dynamic in the industry. AMD and Intel are in a price war. Intel is probably going to underperform these numbers," Ross said. Intel shares fell 3 percent to $17.97 in extended trading on the Inet electronic brokerage.

Proving again,again and again badhardware's predictions right.
Right?
Sell Intel's shares quietly, recommended.


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