I agree they know crap - but the reason Intel stock is still at $21 is because of what *they* say.
Intel is king of the existing market, is making huge strides in the low power space and has a killer lineup of products over the next few years - but all the analyst folks can say is "the pc is dead, so Intel must be dead too"
Intel will still serve the top end of the market, that is not going away. Anyone who actually thinks that hasn't followed things very long. --
"We are half-hearted creatures, fooling about with drink and sex and ambition when infinite joy is offered us.... We are far too easily pleased." C.S. Lewis