The numbers were fine. The stock had done extremely well. When you have that kind of a move, it builds in a certain kind of optimism that may be realistic or may not be.
More Quotes from Cody Acree:
Anybody who was surprised by this hasn't been paying attention.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
Companies like Texas Instruments, companies like Cisco Systems in enterprise networking. Leaders in their space, bellwethers, big-cap liquid names that I think are going to be around for the long term, leaders in the up cycle, ... Companies that the institutional investor can get in and out of quickly and that tends to draw a larger portion of the money when we have these volatile times.
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
Nobody who owns the stock for a long-term investment is going to sell over a 60 million miss
Cody Acree
The biggest surprise is not that the market is seeing inventory slosh, but maybe it's Intel's lack of ability to measure this.
Cody Acree
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