Someone calling himself Paul Otellini has responded somewhat unfavourably to a report carried by Barron’s that Goldman Sachs has taken Intel off its ‘Conviction Buy List’.
Whether or not this 'Paul Otellini' is, indeed, the same Paul Otellini who is CEO of Intel, is unknown, but he takes Goldman Sachs to task for pointing to the negative macro-economic trends affecting enterprise computing demand as a reason to take Intel off the list.
In his response to the report, Paul Otellini, says: ‘We’ll see about these so called macroeconomic issues. Intel will have its investor meeting on March 5 and 6. With even less competition from AMD in regards to Dell offerings, Intel’s situation should look somewhat better in the coming months. Very peculiar move to have a great company on your conviction list when it’s $27 a share and then to pull it off when it’s even more attractive at $21.’
Testy are we Paul? Maybe it's not the sweet-natured P.Otellini who runs Intel.
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