This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The 5 Dumbest Things on Wall Street This Week: Sept. 28

Stocks in this article: BTHQCORAETTSLARIMMINTCMSFT

1. Intel Bugs Buddy

With best bugs like Microsoft (MSFT), who needs enemies! Right Paul Otellini?

Wait! Did we say bugs? We meant buds, as in best buggies. Sorry, as in best buddies. That's what we wanted to say...You know what? Why don't we act like Intel (INTC) and pretend we didn't say anything at all!

Addressing his troops in Taiwan, Intel's CEO said that Microsoft's Windows 8 operating system is being released before it's fully problem-free, according to a Bloomberg report which cited an employee who asked to remain anonymous. Microsoft intends to release the newest version of its Windows software on Oct. 26.

Oh man. And Mitt Romney thought he had a problem with people leaking highly sensitive, yet viciously insensitive comments spoken at private gatherings. This slip of Otellini's lips is devastating because this is Mr. Softee's first version of Windows designed for touch tablets and it could sink Microsoft's plan to compete with Apple's (AAPL) iPad this Christmas season.

Analysts were already wary of Microsoft introducing another Vista onto the market, so Otellini's comments certainly did not help reassure the Wall Street crowd that Microsoft had eliminated the kinks from its upcoming offering. Furthermore, since Intel is one of Microsoft's closest partners, Otellini's loose talk surely hurt his own cause especially since both companies are suffering from a truly horrific PC market.

That's why -- despite our friends at Bloomberg saying so -- the whole thing never happened. Yep, according to an Intel press release on Wednesday, Windows 8 is critter-free and the two tech giants are as tight as ever.

"Intel has a long and successful heritage working with Microsoft on the release of Windows platforms, delivering devices that provide exciting experiences, stunning performance, and superior compatibility. Intel fully expects this to continue with Windows 8... Intel CEO Paul Otellini is on record as saying 'Windows 8 is one of the best things that ever happened to Intel,'" said the semiconductor giant in a truly strange statement.

You see. The whole thing never happened. Microsoft and Intel are still best bugs.

Damn. We meant buds. Sorry, we misspoke again.

Wait! No we didn't. The whole thing never happened. Right Paul Otellini?

Written by Gregg Greenberg in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
5 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,974.31 -31.44 -0.18%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,549.2260 -15.0680 -0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs