Intc

Dang!

4th Qtr guidance is very strong.....gross margins over 60%!!!

 

Yep tech is in full rally mode at the moment, 75% of companies will beat this quarter based on job cutting and reduced costs alone, remember companies can only cut so much.

 

did cost cutting cause a big revenue beat? take off the blinders.

 

I just bought an INTC chip for the first time in 30 years.

Tells you all you needed to know.

 

NQ closed at 1724.

Bids sitting at 1740 as I type

 

how long is the trading halt for?

 

By tomorrow morning it will be sitting north of 1750, probably 1800 after google reports. Still decades away from 5000+ though.

 

NQ?

From 4:15 until 4:30.

INTC?

No idea

 

Don't open the champagne yet, revenue dropped 8% y/y and it's trading at 2007 levels at the moment. Seems the analysts were underreacting for 2008 and are now compensating with overreaction (doomsday expectations).

 

how come P/E is 48?

That seems high.