Process Boy and Thread,
PB, when are you going to become da Process Man?
I saw Joe Osha on CNBC this morning (Tom Kurlak's "replacement" at Merrill Lynch, of course). He is very bullish on Intel. Q's and A's from Mark Haines, Joe Kernen and a Dreyfus guy:
Haines - What are you doing during this tech, semi pullback?
Osha - tremendous buying opportunity. The semis are coming off a very bad three year cycle. Now, inventories are cleaned up (Compaq???), semis should do very well over the next couple - three years, Intel especially.
Haines - Will Intel continue to dominate in its markets?
Osha - Yes.
Kernen - Chips may be becoming a commodity and prices are falling. Also, can't imagine how fast Intel's chips will be in 2 - 3 years. Who's going to buy them?
Osha - In a previous job I covered (worked for?) Sony. Learned that when prices go down, sales go up. Intel revenues will do just fine. WRT super fast chips, they will go like hot cakes into high powered workstations and servers. When IA-64 becomes available, I see it TAKING OVER this high speed chip market.
Haines - How about Fidelity Magellan dropping Intel out of its top ten?
Osha - May create another buying opportunity on Intel. Any incremental down ticks on Intel and we're buying.
I personally never saw Kurlak's puss on TV. One photo in a mag caught him as a Jimmy Hoffa lookalike. Osha seems like a guy that does his homework, gets out of the office. Welcome to him.
Tony |
