Pravin, This CNET article includes an interesting quote from kumar
Intel to cut 5,000 jobs, warns on revenue
By Michael Kanellos and Ian Fried
Staff Writers, CNET News.com
March 8, 2001, 3:45 p.m. PT
cnet.com
...
"There is no demand out there. There is massive inventory and demand has
completely collapsed," said Ashok Kumar, an analyst at US Bancorp Piper Jaffray.
He estimated Intel will experience a 20-percent decline in processor shipments this
quarter over last quarter and a 3- to 5-percent decline in average selling price.
Because of overall economic factors, a recovery for the tech industry later this year
is unlikely, Kumar said.
"A recovery in the second half is a pipe dream," he said. "The question is second half
of what year." Kumar added that Intel's decline cannot be attributed to gains by rival
Advanced Micro Devices. AMD largely participates in the consumer market and
issued its own forecast for flat earnings in January. [I'd be quite happy with 52¢! If he meant revs, big difference between -25% and flat wouldn't you agree]
(Sean)Maloney said Intel has not lost market share in desktop PCs. "Our market share and
our average selling prices on desktops don't appear to have moved very much at all,"
he said. "What has happened is that with the drop in server demand, our blended
average selling price has declined."
... |
