Sent to Bill Fleckenstein (tech bear and heavilly short INTC) via email:
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Dear Mr. Fleckenstein,
I read somewhere this weekend that you seem to think that "Intel has missed the whole $1000 PC market".
Let me give you some advice.
1. There is no such thing as a $1000 PC. By the time you lay down your charge card and cash out, you have spent at least $1400 after tax. Why is this? Well, the $1000 PC does not come with a monitor or a printer. Check the facts. The 2 top selling "sub-zero" boxes at this time are the Compaq 4505 and the HWP 3100. Both units are based at $999, but do not come with a monitor nor a printer. Both units have 16 MB of SDRAM, no cache, a 2 Gig HD, and 33k modem, and a decent CD-ROM drive. However, no monitor or printer included.
2. Whose chips do you think are in the CPQ 4505 and the HWP 3100? Let me give you a hint. Intel is inside. Both the 4505 and the 3100 have Pentium MMX 166 Mhz chips inside. Not AMD, not Cyrix. Intel. Granted, Intel has cut the prices of this chip and this chip is no longer the bread and butter for Intel, but you contend that "Intel has totally missed the $1000 PC market".
Do yourself a favor, get out of your office and go down to Best Buy and you tell me which boxes are moving. Best Buy has an AMD K6 unit that absolutely collects dust, much like the stock. Meanwhile the CPQ 4505 and HWP 3100 are flying off the shelves. Look for yourself. And you say "Intel has missed the entire $1000 PC market". That is rather funny and extremely misinformed if you ask me.
Long Intel,
Jeff Mills
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