To Stockman, and to Paul:
OK, OK. I stand corrected. The MediaGX is not a 6x86.
However, Cyrix claims that the MediaGX has performance equivalent to that of a Pentium cip running at the same speed. The question of whether this is true or not, has, I am sure, already been discussed at length on this board.
What's more, I remain of the opinion that Intel's deeper than expected price cuts are largely in response to competition from AMD and Cyrix. On the other hand, if they cut deep in order to stimulate sales, that I think would be worse news, as it suggests lagging demand, at least at the low end.
Let me post the Montgomery news again: <<<<Montgomery Securities analyst Jonathan Joseph lowered his 1997 and 1998 earnings estimates on Intel Corp, due to deeper-than-expected price cuts by the semiconductor giant, a Montgomery spokeswoman said.
Joseph left his second quarter estimates of $1.75 a share intact and maintains a buy rating on the stock. Joseph cut his 1997 estimate to $7.80 a share, from $8.12 a share and cut 1998 estimates to $9.25 from $9.85.>>>>
Now why would Intel cut prices so severely that it would have a negative impact on 1997 AND 1998 results, if not for competitive reasons? (Please don't give me the "its better in the long term" argument. We may all be dead after 1998.)
Charlie. |
