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Intel Drastically Cuts 4Q Revenue Forecast
Reading Time: 2 minutesRevenue is being affected by significantly weaker than expected demand in all geographies and market segments. – Intel Press Release, 11/12/08 After the close yesterday, chip giant Intel (INTC) cut their 4th quarter revenue forecast by about 15% from a…
Massive Shift In Sentiment Underway
Reading Time: 5 minutes“I defined variant perception as holding a well founded view that was meaningful different from market consensus….. It was also critical to have a keen understanding of what the market expectations truly were. Thus, the process by which a disparate…
Solid Quarter For Carnival Cruise Lines But Stock Is Fully Valued Here
Reading Time: 2 minutesLeading cruise operating Carnival Cruise Lines (CCL) reported solid fiscal year 3rd quarter earnings this morning. EPS of $1.33 a share beat their previous guidance of $1.15-$1.19 and they raised their full year forecast from $2.00-$2.10 to $2.16-$2.20. On a constant…
Harrah’s LBO Teetering
Reading Time: 3 minutesThe problem is that this is worse than the worst-case scenario. – An executive closely involved with the Harrah’s LBO on the worst case scenarios factored into their models at the time of the deal, quoted in “Harrah’s Changes Its…
Homebuilder D.R. Horton CEO Says 2007 Will “Suck”
Reading Time: 2 minutesI don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year. Our future is not as bright as we would like it to be. – D.R. Horton CEO Donald Tomnitz,…
3Q GDP +3.5%
Reading Time: 2 minutesA better than expected GDP report is spurring markets higher this morning (3Q GDP Report – from the Bureau of Economic Analysis). Two thirds of the growth was driven by “Motor Vehicles & Parts”, “Residential Fixed Investment” and “Federal Government” – that…