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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 3:59 PM EST

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To: Road Walker who wrote (170195)8/27/2002 10:15:10 PM
From: Wolff  Read Replies (1) of 186894
 
Yes Jim, this is the second time I remember the comments coming from the far east. Perhaps he is getting hopped up on too much MSG in the food ;-)

I don't know what the rationale is. But one thing is clear is that nobody has clue to what Christmas spending will be, and there is no reason for the CEO of Intel to try to GUESS what the consumers of Intel’s customers will be. Barrett took himself out of the role of supplier to consumer and industrial integrators and placed Intel as the consumer expert.
Big mistake all the way around.

When Fairchild split up, AMD got the marketing department, National the Manufacturing, and Intel the Engineers, I would argue that Intel is now in the a product life cycle where its not best served by an Engineer in the top spot.

Barrett should said something like “ We are cautiously optimistic while waiting to see more firm orders from customers coming in, Q4 has always been our strongest quarter and we hope to see spending match past years performance, right now orders by out customers are not giving a clear picture, but we suspect that is because of supply chain management systems which are allowing our customers to place orders at the very last moment” IE A big fancy -I simply don’t know.-

Instead Barrett comes out like the guy from Gulliver’s Travels “We’ll never make it”

Today was simply a mistake, and I don’t think Intel can afford to let this keep on happening.
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