Elmer, Thanks for pointing out my presumption. Apparantely some members on this thread are still in a state of denial.
I have attached below excerpts from AMD's statements re: Flash memory market.
based on this Intel's market share of Flash = 50%,
if you want to be optimistic, let's say 60%.
The Flash memory size in 1995 was roughly $1.67B ($0.3B = 30%). Let's say for all of 1997, it will be $5.00B
So Q3 '97 is approximately $1.25B
Intel's 60% share $0.72
Intel's revenue for Q3'97 was $6.2B
Percent of Q3 rev from Flash memory 11%
GROWTH OF PCs.
Unit shipment growth for Compaq(q3'96-q3'97) 56%
EPS growth for MSFT (q3'96 to q3'97) 52%
Let's be conservative and say PC growth was only 25%.
So, if 89% of Intel's earnings grew by 25%, and 11% was flat, the combined growth should be
((89 x 1.25) + (11))/100 - 100 = 22.5%
It was actually much less, from $1.31 to $1.57B or less than 20%. What gives.
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In 1995, AMD flash memory sales exceeded $500 million, reflecting year-to-year growth of more than 150 percent. By year-end AMD had attained a market share of more than 30 percent, and together with our flash memory partner, Fujitsu Limited, AMD designs had captured a 50 percent worldwide market share!
amd.com
"In this traditionally slow summer quarter, aggregate revenues from our non-microprocessor businesses -- our Communications Group, our Memory Group, and Vantis -- were essentially flat with the immediate-prior quarter, and up 12 percent from the same period of 1996," said W.J. Sanders III, chairman and chief executive officer
amd.com
HOUSTON, October 16, 1997 - Compaq Computer Corporation (NYSE: CPQ) today announced record worldwide sales of $6.5 billion for the third quarter ended September 30, 1997, an increase of 31 percent compared to the third quarter of 1996 and a 56 percent unit growth for the same period.
compaq.com
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