survivin:
(1) "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'tyou agree]
(2) (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."
Comment (1): Kumar is the guy who labelled AMD as INTC's roadkill...Recent company statements by AMD (i.e $2.00 Y2001 forecast achievable compared to INTC's revelation this evening should probably call into question his credibility for even the "Pauls" of the world) in which they reiterate $2.00 (worst case scenario, imho)... Kumar is sounding like roadkill from my perspective, as it just might be the case that he has wholly missed one of the greatest "torch passings" in the modern era as AMD's Athy supplants INTC's PWee iii as the microprocessor of the 2000's...(Note: Pwee iii mentioned as primary AMD competitor, not "pretender 4", which hasn't even gotten out of the starting blocks as of yet, and may well never do so, imho!!!)
Comment (2): If I may be so bold, I might suggest that server, mobile and workstation demand might well be down owing to deferred purchasing decisions by longstanding INTC customers (Dell included), in hopes that the "pretendium 4" would live up to its pre-billing and that all those "flash-in-the-pan" AMD assessments (Pauls of the world) would stand up to the test of time...Only honourable action, given INTC's longstanding, but now apparent to most relinquished (imho) marker leadership...ALAS, tonight's INTC revelation would suggest to me, INTC's acquiescence to a noble and superior competitor, AMD!!! AMD AM weakness in the AH tonight may well be supplanted by unusually strong strength over the next while as the market digests the latest INTC "tacit" financial admission that it has finally succumbed to the AMD Athy/palomino advantage...
I really think that what is unfolding here is one of the great modern day David/Goliath stories, destined to be centerpiece at Harvard MBA lectures in the not-too-distant future...Any comments, Paul??? |
