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Intel Halted As Firm Cuts Q1 Forecast On Chipset Design Error

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Mon, 01/31/2011 - 11:05 | 920152 Turd Ferguson
Turd Ferguson's picture

oops

Mon, 01/31/2011 - 11:54 | 920397 Eternal Student
Eternal Student's picture

No kidding. Couldn't happen to a nicer company. This is what you get when you hire the lowest priced engineers that you can get away with, and treat them like crap.

The blame for this is squarely on managements' shoulders. Though they will spin it.

Mon, 01/31/2011 - 12:49 | 920655 RKDS
RKDS's picture

I hope this screwup is directly tracable to one of Andy Grove's foreign suicide sweatshops.  I mean I've generally sided with Intel but I really don't appreciate the outsourcing.

Mon, 01/31/2011 - 13:07 | 920752 sethstorm
sethstorm's picture

+infinity.

Mon, 01/31/2011 - 11:08 | 920163 AccreditedEYE
AccreditedEYE's picture

What's the positive spin going to be?

Mon, 01/31/2011 - 11:21 | 920234 Cognitive Dissonance
Cognitive Dissonance's picture

Wonderful oppertunity to buy the fucking Intel dip.

Mon, 01/31/2011 - 11:28 | 920257 AccreditedEYE
AccreditedEYE's picture

LOL! Of course! OT- I've been on and off ZH sporadically past 2 weeks. Caught up on your "Monday Post" and Cheeky's story yesterday. Awesome stuff CD, thank you and thanks for getting us The Bastard back, even if it was only for 1 story.

Mon, 01/31/2011 - 11:37 | 920304 LeBalance
LeBalance's picture

Halt selling, churn a bazillion shares, net change zero, call the dip priced in by the market, allow BTFD purchases from churned butter, open buying for all.

(selling is no longer a function [available to peons] of the market).

>I am Big Brother.

>I have shares to sell.

>You are my client.

>You have shares to buy, when I say, and for how much I say.

>Capiche?

Mon, 01/31/2011 - 12:12 | 920485 almost_have_a_name
almost_have_a_name's picture

Buy the Chip, just don't power it up.

Mon, 01/31/2011 - 13:51 | 920918 Bananamerican
Bananamerican's picture

Problems? Solutions.

Mon, 01/31/2011 - 11:08 | 920166 Oh regional Indian
Oh regional Indian's picture

Intel halted? Shares not being traded, like that?

I thought Intel Halted nicely captured the State of the World.

Intel halted. Stupid, full speed ahead.

Plus, talk about an insider's insider, TBTF, monopolist company. 

Fried Chip maker? hah!

ORI

http://aadivaahan.wordpress.com/2010/12/24/where-do-we-fit/

 

Mon, 01/31/2011 - 11:31 | 920274 dirtydroog
dirtydroog's picture

Why halt it, it only dropped 1.5%

Mon, 01/31/2011 - 11:37 | 920308 SheepDog-One
SheepDog-One's picture

Because theres nothing but air below 1.5%.

Mon, 01/31/2011 - 11:40 | 920322 Hephasteus
Hephasteus's picture

Na. There's air, unicorns, fairy dust and worldcom corpses below 1.5 percent.

Mon, 01/31/2011 - 11:33 | 920284 satansanus
satansanus's picture

didnt somb hooka say selada intc last week

Mon, 01/31/2011 - 11:33 | 920287 jesusonline
jesusonline's picture

Trading resumed, just a few minutes of hold-up to inform the PPT

Mon, 01/31/2011 - 11:36 | 920299 doomandbloom
doomandbloom's picture

Cougar Point....silicon fix...are you sure this was not a statement from SEC?

Mon, 01/31/2011 - 13:37 | 920878 Sausagemaker
Sausagemaker's picture

Well played. 

Mon, 01/31/2011 - 11:38 | 920314 asteroids
asteroids's picture

Hmm. Looks like market makers are real nervous these days. I guess they were asking their overloads if they could nuke INTC or save it.

Mon, 01/31/2011 - 11:52 | 920389 carbonmutant
carbonmutant's picture

AMD's options got a nice pop this morning...

Mon, 01/31/2011 - 11:52 | 920392 Yancey Ward
Yancey Ward's picture

The best looking cougars all have silicon.

Mon, 01/31/2011 - 11:54 | 920396 Sathington Willougby
Sathington Willougby's picture

not the first cougar to degrade over time

Mon, 01/31/2011 - 11:57 | 920411 Printfaster
Printfaster's picture

Generally these chip errors are par for the course.  This one only became an issue because it was found in longer test runs.

They issue chip revisions about 6 times a year or more often.  Intel will lose about one month of production, and may have a small recall.  Intel's quality if it were applied to the auto industry would have every car running 800,000 miles without needing service except for oil and wiper blades.

Mon, 01/31/2011 - 12:02 | 920439 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Equity is a slaughter house.  F got its throat ripped out, Intel is getting the clever, and who is next?  I would say Netflix is about to get gutted.  They had a nice run, there is no recovery, they had to use gimmicks to create their demand, they could lose huge here.  Apple too, but I have never liked apple.

Mon, 01/31/2011 - 12:18 | 920512 dark pools of soros
dark pools of soros's picture

right but in a shit economy NFLX will soar since it is cheap entertainment..  it is bullet proof  - someone is going to buy them out/merge at some point

 

i bought at 45 and sold at 50..  it will not crash and haunt me forever

 

Mon, 01/31/2011 - 14:22 | 921010 carbonmutant
carbonmutant's picture

NFLX is a roach.

Mon, 01/31/2011 - 14:40 | 921065 dark pools of soros
dark pools of soros's picture

and roaches die pretty hard..  if at all

Mon, 01/31/2011 - 12:11 | 920474 DavidC
DavidC's picture

This'll be another reason the market's going up today, yes?

DavidC

Mon, 01/31/2011 - 12:14 | 920491 dark pools of soros
dark pools of soros's picture

no glitch..  they had to halt and issue recalls to include new facebook/twitter CIA  'enhancement' codes...

Mon, 01/31/2011 - 12:49 | 920672 Buttcathead
Buttcathead's picture

How many shares is Intel buying back ? 2 Billion Bernack bucks worth ? What a bunch of doo doo.  Just shut it down, folks can switch to buying lotto tickets and bail out the bankrupt cities and states.

Mon, 01/31/2011 - 12:51 | 920687 aerojet
aerojet's picture

Now the motherboard market will be filled with these "landmine" pieces of hardware untli the channel clears.

Mon, 01/31/2011 - 13:32 | 920862 Yen Cross
Yen Cross's picture

Ohhh Pray Tell. What about Guidance and whisper numbers? HEHE

Mon, 01/31/2011 - 13:37 | 920877 Yen Cross
Yen Cross's picture

 I guess those Qualcomm options were a good buy.Snap Dragons and all.

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