Why Intel is on a spending binge
PC sales have been sluggish for a while. That's why the company's planned capital budget might be a head-scratcher.
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What I would like to know is: What is going on between Lockheed Martin and Intel behind closed doors. From my personal experience from working in the IT field in various countries around the world, I believe Intel Corp. is the most important company on this planet.
V_L says companies build stuff to brake right after the warranty expires. I think there are way to many people out there who grab ahold of every stupid thing uttered for no reason than it feeds their bitter sad inner self, because it feeds an agenda, and just becaue they want to be angry. Just plain stupid and unproductive. Yes, I would agree that at one time things were built better than today. But you buy a PC with a one year warranty and are still running it 6 or 8 years later. Hmm? Did that out last the one year warranty? Yes it did. Most things do out last their warranties and not the other way around, but yet this stupidity of "planned obsolesence" continues. And again quality of a lot things could be better, but clearly most things out last their warrnaties. But some people just love to be angry.
"DALLAS — A pickup truck used by former President George W. Bush at his Texas ranch was sold for $300,000 at an auction on Saturday after he donated it to benefit a charity that serves U.S. military families. The 2009 Ford F-150 King Ranch 4x4 SuperCrew was sold as part of the Barrett-Jackson auction house's sale of collectible cars in Scottsdale, Ariz. The auction house did not disclose the identity of the buyer."
The big appeal of the Dubya-mobile is that- no matter what gear you shift it into, the vehicle takes off backward and runs itself into a ditch.
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You can't buy stocks based on nostalgia, on hope or on faith. But that's about all Hewlett-Packard has to offer investors. If the company has a destination, what is it?
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