Paul, Re: "
Intel Investors - GOOD NEWS - The XEON Bugs have been FIXED."
That is good news for Intel investors, bad for the shorts. I remember that you and Elmer saw that the previously announced "workarounds", that allowed Intel to keep shipping Xeons, were test screening rather than root cause fixes. Now, looks like they have the root cause fix(es).
The talk about Sequent, they just announced breakeven results for 3Q98, vs. a loss a year ago, but they had slightly higher revenues a year ago. From their Finance VP and CFO came an unusual statement about the quarter, which even CNBC talked about this morning:
"With less than $1 million in product revenue from our largest account -- versus more than $25 million
in the third quarter a year ago -- the company's reported results were right in line with our financial
targets,'' said Bob Gregg, Sequent's senior vice-president of finance and chief financial officer. ''What
the results don't show is that we also hit our unreported bookings target for the quarter, significantly
enlarging our backlog position.
Talk about bad news/good news! I wonder who that largest account is/was.
The server market is kind of weird. Hard to figure who's going to clean up, like the technology "value added" types like Sequent, or the boxmakers like Dell. I know who I wouldn't bet against.
Tony |
