I think demand was good but TI was capacity constrained in the fourth quarter. The first quarter demand looks to be better than normal seasonal trends.
More Quotes from Cody Acree:
Nobody who owns the stock for a long-term investment is going to sell over a 60 million missCody Acree
Chip companies are getting ready for stronger demand in the back half of the year. There's a big difference between building a safety margin and overbuilding, ... People have been pessimistic, but we continue to get fairly firm fundamentals about the environment for PCs and semiconductors overall.
Cody Acree
It wasn't terrible guidance, it was just low enough to leave people wondering what it means. What people were looking for or what the market needed was for Intel to....(deliver) unequivocal strength in guidance.
Cody Acree
How do you do better than that ... And if next step is down, do you want to own the stock Their challenge is trying to convince investors and analysts that there is no reason for margins to deteriorate. To some degree they are a victim of their own success.
Cody Acree
It's a good update, but it's not quite enough to satisfy a more optimistic Street.
Cody Acree
It's amazing how quickly sentiment shifts. Two weeks ago, people would have sworn that the economy was gaining momentum. But there's no reason to believe that if we have normal economic improvement then that won't translate into normal seasonal second-half demand.
Cody Acree
Readers Who Like This Quotation Also Like:
I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.Kenneth Lay
Laws are generally found to be nets of such a texture, as the little creep through, the great break through, and the middle-sized are alone entangled in it.
William Shenstone
An expert is someone who has succeeded in making decisions and judgements simpler through knowing what to pay attention to and what to ignore.
Edward de Bono