I don't care if J. Joseph has been right or wrong, he has an agenda that's 100% darkside on semis, particularly Intel. Check out the bolded part of his words today. You'd think Intel had AMD's past. - TV
Jon Joseph's comments in detail (excerpted from the report):
"PROCESSOR MARKETS EASE LOWER
February has remained a relatively slow month for many of the brokers we talk
with. Intel (INTC-$30, 2M) microprocessor gray market prices declined
slightly on the week from an 8% to a 9% discount to list. Pentium III prices
also edged downward slightly to a 9% discount from 8% in the week before. It
is pretty clear to us Intel continues to see a weakening in its business, and
is taking steps to minimize the impact. Last week, the company announced it
would push out certain pay increases, clamp down on discretionary expenses,
and be less generous with its "free PC" program. We have also heard the
company has already decided to cut back on its capital spending plan from the
previously announced $7.5 billion to somewhere between $5.5-6.5 billion.
Intel old-timers, who have the scars of many downturns on their backs,
believe the belt tightening was long overdue. The Intel Developer Forum will
begin this week, which is a great program of over 250 Intel and vendor-
sponsored sessions focusing on new technologies like voice recognition, high-
speed Ethernet, InfiniBand, and 802.11b wireless, among others. There will
also be updates on the P4 and IA-64 roadmaps (McKinley is said to be
slipping). There have been press reports of scheduled Intel price cuts on
some of its processors in two weeks." |
