Wall Street Analysts--Nobody Knows What the Hell They’re Doing, But the Pay is Great
Just a week ago, Intel (the chip-maker) posted quarterly earnings that shattered all company records for profitability and growth. Intel’s reward was to lose 12.5% of its stock value.
Just a week ago, Intel (the chip-maker) posted quarterly earnings that shattered all company records for profitability and growth. Intel’s reward was to lose 12.5% of its stock value.
Recently I wrote a piece about three other quarterly reports; two of them in the dumper and one doing OK. Guess what? The Dow rose 171 points on the basis of nothing more substantial than investors desperation for something to cling to in the rising waters of national economic disaster.
SAN FRANCISCO (AP Jan 16, 02) -- Intel Stock Hammered on Economy Fears--Shares of Intel Corp. fell more than 12 percent Wednesday, a day after the world's largest chip maker reported disappointing fourth-quarter results that investors saw as a sign the company is more vulnerable to U.S. economic pressures than many investors had believed.
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