Paul, >>>the business model is out the window<<<
That kind of depends on your frame of reference.
My investment horizon is for a longer period than 30 days, 30 weeks, or even 30 months. Rather it is a buy and hold, buy and hold strategy for the next ten years.
With some help from Morgan Grenfell's Ed Yardeni interview in the current issue of Barrons (and reworded to suit my point of view).
For a number of reasons, Mr. Yardeni sees a serious market decline in the year 1999 to 2000 after the market closes in on 10000 (read the interview for details). In small part, the decline is related to the cost and disruptions caused by the y2k problem. Barring serious political disruptions (my thoughts), there is a global economic recovery starting in 2001, led by massive high-tech capital expenditures to replace computer systems (some of which may have failed to be y2k compliant).
Isn't this about the time when Merced is in full production, big iron needs to be replaced, and engineering completed for products coming out of the Virtual National Laboratories (VNL)?
Is there any way that Intel can miss?
Well, if you don't concede to me on this, than at least let us say, knowing what we know, now, Intel is the best investment for the next ten years.
No?,
Mary
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