We think that the investment community has bought into the idea of a second-half recovery, and that's probably going to happen.
More Quotes from Joe Osha:
Just because Intel has faltered does not mean the company is now incapable of executing.Joe Osha
Intel's status as an industry bellwether has allowed the stock to move with the industry in the past.
Joe Osha
In posting the weakest Q4 revenue result and Q1 outlook since the bursting of the bubble, Intel has made it clear how much competitive ground the company has lost to AMD. The extent of the losses has exceeded our expectations.
Joe Osha
We wrote last November that Sony's design choices for the PS3 had resulted in an expensive and difficult-to-manufacture product, and we think that we're seeing the consequences of those choices play out now.
Joe Osha
Although the company is executing in terms of cost control, we think margin contractions at the gross margin level will continue through the second quarter as well, which we had not factored in.
Joe Osha
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