John, RE: I don't believe I have seen any analyst even mention the Itanium 2000 roll-out when they review Intel's valuation, earnings projections, or industry leadership. I haven't seen any comments on how this could change the industry, especially the balance of power with SUNW. Although Intel PR has been OK on the progress of Itanium, it seems like it is a secret to the street.
On the contrary, just about every analyst report that I've seen recently that recommends Intel mentions Itanium early and often.
Example: The most recent report to hit my desk is from Erika Klauer from Deutsche Bank. In the conclusion, it states, "If Intel can duplicate even a portion of its PC microprocessor success within the Server, Networking/Communications and Online Services areas, the company's growth prospects should be outstanding. In 2000, we expect overall sales and earnings growth to approach 18% and 23%, respectively. These rates could easily prove conservative if Intel's traditional operating success is applied to these three new avenues."
BTW, most analyst reports that I've seen do not show any material impact for Merced until 2001, with volume contributions expected in 2002. |
