Intel Stock Suffers Worst Thrashing in DECADES

Intel expects fourth-quarter revenue of $15 billion to $16 billion, and analysts had figured on $17 billion, so the stock dropped about 25 percent before Friday's opening bell. Breitbart quotes CEO Lip-Bu Tan saying he's disappointed they couldn't meet strong customer demand. That's a lot like a bull sale where you forgot to bring the bulls. CFO Dave Zinsner says "the PC is going to go through a renaissance," and around here we call that all hat and no cattle. Intel itself expects global PC shipments to fall about 12 percent this year and another 10 percent in 2027, so the revival is on a long timeline. The company also says a deadly accident at its Israel facility suspended operations, and my prayers go out to the families affected.

“I'm disappointed that we were not able to meet strong customer demand in this quarter”Lip-Bu Tan, Intel Chief Executive, via Breitbart

“We do think that the PC is going to go through a renaissance”Dave Zinsner, Intel Chief Financial Officer, via Breitbart