Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Tony Viola who wrote (110790)	9/22/2000 11:14:15 AM
From: Burt Masnick	Read Replies (3) of 186894

To all Intel investors - My take on the last 18 hours. Intel has announced a moderate GROWTH in their sequential numbers. They will underperform their anticipations to the tune of about $300 million this quarter. In my mind they deserved some kind of share price drubbing for the whacky performance they have had with their screwed up releases over the past 12 or so months. Whatever the reason for the dramatic downdraft in prices the big question is the future - always was, always will be. Intel now has some industrial strength competition from AMD. The Athlon has strengths and weaknesses but it's a plausibe competitor and allows AMD to move up the MHz curve nicely. AMD is currently a weak or non-existent competitor in the portable and server markets and that will change to AMD's benefit in the immediate future. Intel has a solid pipeline of new products and business initiatives. Willy should be quite successful. It, like the Athlon, is scalable to higher speeds. Moving to .13, moving to 300 mm wafers should move recurring manufacturing costs even lower as well as facilitating higher speeds. On balance I would have to give Intel the following grades: Execution of new product releases (up to today) C+ Managing expectations on future quarters (up to today) C- Manufacturing prowess B+ (seeing lots of 1 MHz product now) Products in the pipeline B+ (I see lots coming but Willy is both a plus and a minus - plus for speed and scalability, minus for clock for clock performance) The good news is that I believe that Intel is no longer priced for perfect execution. If they can improve on their recent performance (the book on them is that they are superb crisis managers) they will start surprising to the upside rather than the downside in the future. This deal hurt. Bad. A lot of poor judgement was shown. The Wall Street reaction is way outsized, but, as I pointed out above, they probably should have been hit harder before for all their self-inflicted execution booboos earlier on. I suspect that they will have a hard time cracking through their old highs for at least six months.

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