It's profit taking. The market loves to do that. Good news hits the tape and investors sell into it.
More Quotes from Alex Vallecillo:
There's no question that the more chip stocks go down, the more they should look appealing. But with that said, I don't think you can go in here and buy things left and right and be bailed out by the cycle anytime in the near-term.Alex Vallecillo
On paper, marrying content with distribution makes a lot of sense but in reality it's been a tough nut to crack.
Alex Vallecillo
AMD should keep flash memory for the diversification benefits of it. Flash memory gives AMD something to talk about when the microprocessors results are weak.
Alex Vallecillo
The growth outlook for Microsoft is very muted. To a large extent it's unexciting. They've been paddling really hard to create new avenues of growth but they're limited by the personal computer side of their business.
Alex Vallecillo
I find it a little bit comical that Microsoft is going with the lower number, which I applaud, and yet the analysts still want to stick to the see no evil, hear no evil, speak no evil, higher pro forma number.
Alex Vallecillo
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