Como se combate o populismo? "Com eleições", responde Fukuyama

[Ulisses Pereira]

A maior parte dos analistas do Realmoney consideram esta queda da MSFT uma boa oportunidade e enntrada daqui a uns dias mas Cramer é muito, muito crítico neste artigo.

"Softie and Intel Ain't What They Used to Be"

By Jim Cramer
RealMoney.com Columnist
4/28/2006 10:30 AM EDT

"Microsoft (MSFT:Nasdaq - commentary - research - Cramer's Take) really doesn't deserve to be considered a great company anymore. It is chronically late with software no one really wants. It is starting its umpteenth initiative to take back the Web, but it can't. That game's pretty much over. It can't seem to get out of its own way in the media business or the cell-phone business. And whenever it succeeds, it gets sued.

I don't know what to say about this company, or about Intel (INTC:Nasdaq - commentary - research - Cramer's Take), its twin from the old days. Both companies defy rational thought and have become highly emotional totems. They remind me of Merck (MRK:NYSE - commentary - research - Cramer's Take) and Pfizer (PFE:NYSE - commentary - research - Cramer's Take) not that long ago: companies that everyone clings to -- including yours truly -- but that no one really believes in anymore.

No one's willing to come out and say it, but both Intel and Microsoft are PC-centric in a world where the PC is too big to be convenient on the road but not fast enough or big enough to play video games on. Those are the two big drivers, and these companies simply aren't levered to either. Plus, they play no role in the great capex spending that is the telco-cable arms race.

What do you do with them? The temptation with both Intel and Microsoft is always the same: "You hold on to them, they will come back."

I have lost too much faith. While I hold on to them, it seems that every Tom, Dick and Harry sector's on fire. You need the space on your sheets to be involved in something that can make you money, if not now, then at least in the foreseeable future.

I see nothing in the foreseeable future for either company"

(in www.realmoney.com)