Despite our conservative remarks on margin compression and pricing intensity, we continue to believe Intel will meet our revenue forecast and reiterate our intermediate-term neutral and long-term accumulate rating.
More Quotes from Joe Osha:
Intel's status as an industry bellwether has allowed the stock to move with the industry in the past.Joe Osha
Texas Instruments' decision to buy analog specialist Burr-Brown fits well with the company's stated objective of building its presence in the analog business. Despite the somewhat rich valuation for the deal, we think that the deal makes sense for TI. We reiterate our intermediate-term and long-term buy ratings for the stock.
Joe Osha
The clock-speed wars have gotten to the point where it's not clear who benefits. It's certainly not the customer who wants to buy 700 MHz stuff at reasonable prices. It has been a problem, but availability has improved over the past four weeks or so.
Joe Osha
We've seen investment in capacity go up quite a bit and we had a scare this summer with wireless. So you can make a case that the business is in trouble. We try to focus on slightly longer-term fundamentals. The relationship between spending and revenue in this business is still reasonable. Visibility is still good. Pricing is good. Let's not forget, wireless handset demand is growing 50 percent over year-on-year. So with stocks down a bit and the fundamentals still solid, we though it was time to declare the mid-cycle correction over.
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
We admit to some difficulty in seeing what supports consensus earnings estimates.
Joe Osha
Readers Who Like This Quotation Also Like:
Based on Keywords: intermediate-termI guess whatever maturity is there may be there because I've been keeping a journal forever. In high school my friends would make fun of me - you're doing your man diary again. So I was always trying to translate experience into words.
Anthony Doerr
Outside books, we avoid colorful characters.
Mason Cooley
The great gift of human beings is that we have the power of empathy.
Meryl Streep