What are your thoughts now on this company and its prospects?
..The company will do fine for several more years.Its competitive stance is getting stronger. Yes the world economy is in a downward spiral with the rising unemployment giving rise to lower consumer and business spending, and falling stock prices. No country is immune. I just visited Europe, and everyone is terrified and suffering. Even the oil sheiks are hurting since their income shrinks everyday and their investments are melting.
Yes the economic meltdown hurts me. But the only redeeming part is that I have plenty of company.
The world economy will recover one day, and I do not profess to know exactly when that will happen. Intel will emerge stronger than ever. It has lots of cash, no debt, and plenty of profits to make it thru the lean times. I am not so sure if several other companies will make it thru a prolonged downturn.
Until Intel and the world economy recovers, you can relish the sight of everyone's suffering. Enjoy yourself ! |