Silicon Investor (SI) -- The First Internet Community

To: Saturn V who wrote (400)

9/29/2008 7:54:03 PM

"Dorry to disappoint you, Intel closed at $18.50, a far cry from the low teens you expected last week."

Your Intel closed at $17.27 today - just a few more dollars and it will be in the low teens.

With the markets and the economy in a tail spin, Intel's' huge fixed costs with their huge new factories, coupled with dwindling end-user demand, profits will plummet.

EPS will drop - so the share price will follow it down to keep the EPS in a 'normal' range.

Bitter fact of today's life.

Thorx