Notes from INTEL thread, based on CC last PM.....
"....If I had to pick a single key theme that they were trying to communicate, I would say that it is that Intel is changing dramatically, with it's new enterprises. Even down to changing the mission statement. They seemed to emphasis that for the first time aquisitions cost were higher than capitol investments, and implied that that would continue. They want to be know as an e-commerce enabler, not a PC company." John Fowler
Reply by Paul Engler....
The "e-commerce enabler" hasn't yet sunk in to the analyst community.
In fact, most of the semi analysts are still not coming to grips with the fact that Intel is NOT just a semi/DRAM company - which they haven't been for 15 years !
That would make Intel completing two strategic business "inflections" before most of the analysts grasp the first "inflection".
>>>>>>>>
The reference above to "inflections", of course derives from Andy Groves book "Only the paranoid survive" in which he describes how successful companies may be suddenly confronted with paradigm shifts and a need to respond. He called these shifts "inflections". Obviously, to stay on top, one needs to respond wisely.
Intel is a-changing; it is moving away from "just a semiconductor company". Whether it can be less cyclical, whether they can execute in new markets, against different competitors, remains to be seen. Recent missteps in their chipset and semiconductor output have raised questions in my mind about management. Nevertheless, they are sitting on billions in free cash, and over the long haul have a reputation for outstanding management.
Kinda tough to bet against.
Apollo |
