Intel Announces Shortfall - Stock Crashes (VOMIT at Bush tonite on TV)

Intel Cuts Revenue Outlook, Shares Fall
Thursday September 2, 4:26 pm ET

SAN FRANCISCO (Reuters) - Intel Corp (NasdaqNM:INTC - News) on Thursday cut its quarterly revenue and profit margin outlook, blaming weaker demand for both its computer microprocessors and communications chips, and its shares fell in after-hours trading.

http://biz.yahoo.com/rb/040902/tech_intel_outlook_2.html

Funny--here is what I said back in February on my website--been downhill since!

***

Intel GROWTH Cut--Before New JOBS Ever Showed Up!
This story got drowned out last week

(SEATTLE) 02/16/04 - What I find interesting is they are already cutting high-tech growth estimates--and there has yet to be job growth for the supposed "recovery", or in the economy at large. Imagine another recession showing up soon? That would mean workers get to be unemployed for TWO recessions?

Naaaaa, not our government!

I noted that two "knowing" high tech companies, Xilinx (XLNX) and Dell (DELL) were weak or down all day. When this happens, it is a telling sign. I am a former high-tech guy.

The rest of the market was up today! These stocks should have been up more. But the XLNX and DELL signal told the truth.


My explanation:
The market "had" to close up, since Bush is speaking tonite.

I don't think even a jobs number will do it.

The after-hours stock indicators haven't looked this bad since early 2001.

In fact, this is bad enough--why not vomit at the TV screen tonite when Bush shows up?

presented in the honor of a fellow's 60th birthday.BBQ is particularly ugly on the second pass, so I think I will skip the chimp and do an old Cambridge Tripos math problem instead.

If you are on the money tomorrow, I will have to bookmark your ass or something.

Cheers,

TCO

I can't believe it was run up today. Not the first time this has happened.

Q: What are the more innovative Si. companies doing these days?

I mean everyone looks at Intel as "it" but in terms of innovation...
they have been riding high on x86 architecture for 15 years now.

They have bombed on innovation into other areas, constantly
abused and fired their engineers, invested millions into their
friends "dot con" operations and so on.

Yes it's still *the* architecture, but how much of this
is maintenance and growth is occurring in other innovative areas?

I do note that Altera (ALTR) is also having problems, and they are very progressive. Their stock also crashed today.

Industry wide problem. Economy-wide problem--

Lots of borrowing. Too much focus on housing. Too few jobs.

Speaking of which, a friend just told me they CAN'T get anyone to move to California to work--because the house prices are too expensive there! How is that for ironic! Low interest rates were supposed to help create jobs, not HURT jobs!

This is so screwed up--house prices have to fall to allow workers?!?!