Harry,
Like Allen Greenspan, I was a Programmer and System's Rep. for two Computer Mainframe Vendors in the 60s and early 70s. If the programs that I wrote for customers are any example, there is no way that anyone will be able to update or correct my programs, (assuming they are still in use). As Mr. Greenspan explained, it was inconceivable for us at the time, to believe that these programs would still be in use five years later. Yet, many companies were lazy, or budget restrained, and continued to use these antiquated programs. As long as they worked... why fix it?. It was all too common for programmers then, in order to conserve on expensive memory, to use many unauthorized programming tricks. To go back now and try to decipher the logic I used then, would be impossible. Therefore, I agree with you, many Enterprise users will look to finally replace their existing mainframe programs with up to date PC and Server solutions. As we approach Jan. 1, 2000 companies will react with greater urgency. This ultimately, should be very beneficial to Intel and Merced sales.
But as we know, today's analysts are only concerned with what the next two weeks will bring, They can not see this huge revenue potential for Intel as we approach Y2K Why investors allow these short term analysts to be so influential is beyond me? So, as a long term investor, I try to profit from these short sided and relatively dormeant times. Therefore, fortified by Barrett's prognosis, I am now adding to my overall Intel core position.
As always I reserve the right to change my mind, or to be completely wrong.
Regards,
Jules |
