Greg In The Desert

Intel reported earnings yesterday, record earnings. Because Intel did not meet the expectations of analysts the stock is getting hammered.

Joel Hruska at Ars Technica has a great commentary on why they are expecting too much from a good thing.

Instead of considering Intel’s Q4 2007 and projected Q1 2008 performance as proof of any weakness in the tech industry, financial analysts should step back and consider that they, themselves may have been irrationally exuberant. Intel’s quarterly report and balance sheet reveal no pressing weaknesses. Business is strong across the entire globe, operating income and gross margins both rose significantly, and the company’s lower-than-expected first quarter revenue projection is lower than analysts would like precisely because Intel chose to err on the side of caution.

Disclaimer: I work for Intel.

Steve Jobs pretty much said that a 3G iPhone will come eventually. That shouldn’t be a surprise. TheStreet is the one saying that it will be in the first quarter of 2008. I’m 100% sure it will be here in the next 5 years, within the next 9 months is a little less certain.

Navigadget says that Apple will add GPS hardware in the first quarter of 2008

The reason behind this rumor is the fact that Apple has been in touch with Broadcom’s Global Locate unit to supply chips for the phone. Global Locate, which was recently acquired by Broadcom, makes assisted GPS chips that use a combination of GPS satellites and cellular network signals to get a location fix. A-GPS will improve what’s a called TTFF, even making it possible to get acquire correct position indoors

I’m not holding me breath for either. What I am still waiting for is a minimum 16 GB of memory. I will keep my money until then.

MacNN: Apple’s 30% sales growth outpaces HP, Dell. Resitance is futile…

Sales of Macs largely kept pace with significant growth in overall PC shipments during the first quarter of 2007, two market research firms concur, yielding Apple the title of fastest growing manufacturer with regard to U.S. computer sales. Both Gartner and IDC issued statements today indicating that while the shipment of Microsoft’s Windows Vista was help drive increased PC sales in the first quarter of 2007, Apple was able to match the market with stronger portable sales and an increase in units moved through retail channels, despite stagnant Mac growth predictions from Gartner earlier this year.

I guess you could say that AMREP owned most of Rio Rancho at some point. They basically started Rio Rancho, the first house I bought here was made by AMREP. Thankfully they are out of the house building market.

Their latest financial report is a good indicator that the real estate marked hasn’t slowed down that much here.

Revenues of the Company’s AMREP Southwest real estate subsidiary were $37,092,000 in the first quarter of 2007 compared to $7,689,000 in the same quarter last year. This substantial revenue increase was primarily due to increased sales of both developed and undeveloped lots in AMREP Southwest’s principal market of Rio Rancho, New Mexico, where interest in the Company’s landholdings did not appear to be impacted by the slowdown in housing that has been reported in many parts of the country.