John, I saw Dan Niles on CNBC just now. He talked about Dell as well as Intel. What he said, and also throwing in what Maria and a commentator on CNBC paraphrased from his call today, but not when he was on the screen:
- Looking for $150 on the stock mid year now, had been predicted for year end.
- Q1 is very strong. Hot January continues into February, March. Q1 looks to be better than Q499 in revenues, or, no worse than equal. Q2 also looking very strong. No seasonal down this year. Corporations had slowed down in Q4, now buying heavily.
- The only limiter is production still can't keep up with demand. Extremely low inventories. Nile had predicted production would catch up to demand in Q1, now looks like Q2.
- Haines said how come you're upgrading Intel now, AMD has 1 GHz and maybe there's finally competition. Niles said he upgraded AMD at $17 in August. He feels they'll do OK in the consumer market while Intel cleans up in corporate.
- Niles feels OK with 50 - 60 multiple on Intel because that's still much lower than TI and Sun, and Intel looks to grow faster going forward than they do. Also, Intel did not keep up with the other semi stocks in 1999.
Thanks to Dan for at least putting a tourniquet on the wound today.
Tony |
