Word: intel
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...smoke out al-Qaeda but to avenge old tribal vendettas. "Hot pursuit into Pakistan is acceptable if you're sure the bad guys are in your sights," explains a Western diplomat in Islamabad. "But if the Pentagon ends up dropping a bomb on women and kids because of bad intel, the U.S. has blown it with Pakistan...
Already, chip-equipment and chipmaker stocks have taken wing. Shares of chip giant INTEL are up 71% since the Sept. 21 market bottom, while shares of APPLIED MATERIALS, the world's biggest maker of equipment used to manufacture chips, are up 76%--twice as much as the NASDAQ composite. Behind the surge has been a string of reports that chip inventories have been pared, and new orders are flooding in. From November through January, orders grew at an annualized rate double that of the same period a year earlier...
...manufacturers of PCs, next-generation cell phones and consumer electronics, including ever more sophisticated game consoles such as Xbox and GameCube. But telecom companies have stepped up their pace too. "Later in the year, we could see a real surprise," says analyst Chris Chaney at A.G. EDWARDS. "Someone like Intel could come in with a big order for new equipment." Chaney favors the equipment makers, which he views as better values than the chipmakers. The equipment companies' shares also tend to be earlier movers, because chipmakers must buy more equipment before they can produce more chips...
More friends, certainly, than U.S. intelligence had detected. "The picture intel painted," says Sergeant Major Frank Grippe of the 10th Mountain Division, who took shrapnel wounds in his legs on the first day, "was just a little bit different from events happening on the ground." That's a soldier's understatement. As they prepared at Bagram, U.S. forces were told to ready themselves to meet from 150 to 200 of the enemy. After less than a week of battle, the Pentagon was already claiming they had killed around 500, and the fighting still wasn't over. What had gone wrong...
...More friends, certainly, than U.S. intelligence had detected. "The picture intel painted," says Sergeant Major Frank Grippe of the 10th Mountain Division, who took shrapnel wounds in his legs on the first day, "was just a little bit different from events happening on the ground." That's a soldier's understatement. As they prepared at Bagram, U.S. forces were told to ready themselves to meet from 150 to 200 of the enemy. After less than a week of battle, the Pentagon was already claiming they had killed around 500, and the fighting still wasn't over. What had gone wrong...