Monday, March 27, 2006

Goldman Sachs to lose $1 billion on INTC

Goldman Sachs' James Covello started another round of pumping for INTC, after Michael Dell cast his vote of no confidence on Intel's Conroe through Dell Alienware. James Covello said his mood was a bit more bearish on AMD and a bit more bullish on INTC. As we reported here, Goldman Sachs increased their INTC holdings by 18.1% to 61 million shares during the September 2005 reporting period. Those shares were purchased around $27, a $0.4 billion paper loss already. Da baggies dumped 7.76 million INTC shares later, but there are still a lot of shares to unload to innocent investors. Previously, on January 19, 2006, Goldman baggies downgraded AMD to underperform in the wake of AMD's massive 4Q05 earnings jump reported on January 18, 2006. Since then, INTC's target price has been reduced to $15, after it warned about a massive revenue drop for 1Q06. At that price, Goldman baggies will lose close to $1 billion bucks.

Let's report the crooks to the SEC.

Crooks belong in jail.

11 Comments:

Anonymous Zetro said...

"Crooks belong to jail."

Good article but I believe you meant Crooks Belong in Jail though

7:13 PM, March 27, 2006  
Anonymous Anonymous said...

I think its funny you posted this propoganda today. AMD's stock has fell about 20% this month LOL.

7:30 PM, March 27, 2006  
Blogger Sharikou, Ph. D said...

No, this is not propaganda, it's an allegation of potential securities fraud. Martha Steward got one year jail term for dumping a few thousand shares based on a rumor. How many years should the crooks get?

The foundation of the whole western economy is the integrity of the financial markets. We can't allow the crooks ruin it.

James Covello is reading this. I challenged him to reveal GS' position on INTC.

8:03 PM, March 27, 2006  
Anonymous Anonymous said...

Intel will not have as bad a quarter as some people think. They are dumping their large inventory into channel and will make decent revenue. Of course the ASP for the chips will fall. But Wall Street analysts will see some hope in the numbers.

Personsal financial note - I have been long AMD for the past 3 years.

9:30 PM, March 27, 2006  
Anonymous Anonymous said...

There are news that AMD is running into shortages at the high end.
http://www.crn.com.au/story.aspx?CIID=36256

11:57 PM, March 27, 2006  
Anonymous Anonymous said...

Like I've said before those crooks have a vested interst in pushing a bent line on INTEL at the expense of AMD because they have major investment in Intel at billion dollar levels, They don't want to know about real AMD products avaliable now they want to push the vapour-ware of Intel and try to get out of Intel stock at the same time that should be investigated!.

12:02 AM, March 28, 2006  
Anonymous Anonymous said...

Notice the Goldman Sach's link is gone?

12:18 AM, March 28, 2006  
Anonymous Anonymous said...

No one really knows what is the limit of Core until its architecture is release. But for sure, if it fails, Intel will be hiding in caves for the next five years trying to carve out new design. Putting money into Intel is like a 50%/50% bet.

1:43 AM, March 28, 2006  
Anonymous Anonymous said...

where do I find the "Goldman Sachs' James Covello" article ..it seem to be 'no longer available'

11:51 AM, March 28, 2006  
Anonymous Anonymous said...

They must have removed the article. Searching on Google News picked up some residual: Highlights of rising and falling US stocks
Investor's Business Daily (subscription) - Mar 27, 2006
... analyst James Covello said it was becoming "a bit more bullish" on the world's largest chipmaker, and "more bearish" on Advanced Micro Devices Inc. (AMD)

12:06 PM, March 28, 2006  
Anonymous nECrO said...

For three years Intel has been about to release it's Opteron/Athlon64 killer and every time they do, the fanboys and most of the press swallows it hook. line and sinker. And every time, the performance gap doesn't change. The speed/performance has yet to materialize. To hell with vaporware. Show me the chips.

8:59 PM, May 17, 2006  

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