Industry Expert Blogs
Intel Unprotected-September 20, 2012 |
Wise old bird Warren Buffett. In Q2 he sells his Intel stock. In Q3 Intel delivers an earnings warning.
One reason must have been the declining demand for PCs.
Another reason could be the fact that, at $14 billion, Intel's cash position is not all that much for a $50 billion a year revenue company enjoying 60% + margins.
Contrast Apple's cash of $120 billion, Cisco's of $52 billion and Microsoft's of $73 billion.