Niceguy, see this brilliant comment by Forbes.com biz.yahoo.com :
"It's true that corporate PC sales in Europe have been soft. The main reason is that many companies upgraded their computer systems in 1999 during the Y2K scare, so they haven't had to buy new PCs for some time. And since Intel still has the corporate market mostly to itself, that might explain a slowdown in demand for the company's fastest Pentium processors.
But that doesn't account for what could be a $500 million shortfall in Intel's quarterly sales, says ABN Amro analyst David Wu. As far as he is concerned,
``Europe is just an excuse.''
Wu says Intel's real problem is AMD, which has been stealing market share away from it. That's especially been the case in the consumer market, where AMD has prospered with its popular Athlon chips.
There is the possibility that Intel, as the bellwether of the industry, is giving us the first signs of a downturn in a European economy already beset by soaring oil prices and a sagging euro. If the continent does go sour, you can expect every tech company with lousy earnings to point the finger at Europe the same way they turned Asia into a scapegoat during the economic turmoil there in the late 1990s.
For now, however, Intel looks like Chicken Little in a bunny suit."
I just like it: "For now, however, Intel looks like Chicken Little in a bunny suit."
Nice!
Peter |
