Where does WIND fit in the below:
WELLESLEY, Mass., July 30 /PRNewswire/ -- Sherwood Research, Inc. today
released a research alert concerning Intel and National Semiconductor's recent
acquisitions.
Situation:
Recent acquisition announcements from Intel (INTC) and National
Semiconductor (NSM) have initiated what Sherwood Research identifies as a new
trend that will revolutionize personal computing. Intel announced the recent
acquisition of Chips & Technologies (CHPS) for $420 million. Hot on the heels
of the Intel announcement, National Semiconductor proclaimed their own major
acquisition of Cyrix Corp. for $544 million. These acquisitions position both
companies to incorporate into chipsets many of the discrete technologies found
in today's PCs.
Both announcements will have a serious impact on investors, manufacturers,
and personal computing end-users. The consequences of these two major deals
reach beyond the basic evolution of processor chip manufacturing.
Industry Opinion:
Long without direct competition, Intel has not rested on its laurels. In
fact, the first visible phase of a strategic product expansion plan that
targets the market for less complicated full function end-user computing
platform was implemented with the acquisition of Chips & Technologies earlier
this week. This deal gives Intel a remarkable advantage over its competitors.
The CHPS acquisition allows Intel to increase the functionality of the
processor packaging it sells. In particular, the CHPS deal will allow Intel
to add video and graphics capabilities to their processor packaging_
Investment Opinion:
Investors must bear in mind that with these acquisitions, both Intel and
National Semiconductor are pursuing an aggressive paradigm shift for personal
computing. Predictions of slowing PC sales should not adversely influence
Intel's revenues. The market opportunities provided by these "all-in-one"
devices will dwarf any revenue shortfall created by the cannibalization of the
revenue derived from the current processor product line. Additionally,
Intel's revenue will not be significantly impacted since revenue protection
will come as Intel's all-in-one systems solution usurps PC manufacturers'
negotiating power (unless AMD jumps into the communications components
business)...
Intel, National Semiconductor, Dell, Compaq, Micron, and Gateway 2000 are
all included in Sherwood Research's Millennium Technology Index. (See Below)
Millennium Index:
The Millennium Technology Index is comprised of companies that will
capitalize on the vast, emerging market created by the convergence of the
computing/communications technologies and digital media. Utilizing information
from The Sherwood Report, the winners and losers in the continuing battle for
corporate and consumer technology acquisitions will be identified and tracked
within the Millennium Technology Index.
The full text of this Research Alert can be found on the World Wide Web at
sherwoodonline.com
The Sherwood Report is also available on Gartner Group's @vantage
(www.atvantage.com), an interactive environment offering high quality research
and analysis on the World Wide Web.
SOURCE Sherwood Research
CONTACT: Chris Pierce of Sherwood Research, 617-416-1000 or
inquiry@srinc.com or srinc.com
In NEW019, Research Alert - Sherwood Research; In Pursuit of Ubiquitous
Computing: Intel and National Semiconductor, moved earlier today, we are
advised by the company that the eight graph, second line should read
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