Posted By RichC on November 22, 2013
In keeping with my previous views, Intel ($INTC) has once again disappointed shareholders with the same share price channel we’ve seen since 2001. I’m still not seeing management concerned in giving shareholders a reason to hold share long term.
After disappointing “flat sales” company news, “shares of chip giant and Dow industrials component Intel Corp. (INTC) fell about 3% in early trade after the firm’s outlook for flat sales next year issued late Thursday. Analysts polled by FactSet had expected 1.4% growth. "The company issued somewhat disappointing 2014 guidance calling for no growth [year-on-year]. We are trimming estimates, but thinks guidance was conservative," said analysts at Piper Jaffray in a note to clients.”