I Was Wrong About Intel

The Business Press Maven has a score to settle today.

To all those many readers who wrote to tell me I was speaking nonsense on the direction of Intel's(INTC Quote) earnings when I said the price war with Advanced Micro Devices(AMD Quote) would continue to take its toll, I have only one thing to say to you: Good call!

Intel reported third-quarter earnings yesterday, and, top line to bottom, they were excellent. They were excellent as stand-alones and compared with expectations, which -- in the age of the expectations, this is always key to mention -- were raised as recently as last month. Extra impressive.

Now, let me be clear that it's a touch easier to speak about why other people are wrong instead of why you are wrong. That's what separates us critics from those who actually produce something for a living. But in a superhuman effort, I'll give self-reflection a whirl. ...