SB:
Haven't been following the discussion on the thread with respect to "Intel" as a growth company, but the view from this end is that INTC is in a deep, snow-filled ditch. (winter is coming , so have to warm up the appropriate analogies). The company is getting creamed by AMD et al at the bottom end, and the carriage trade micros appeal only to the nerds. (Hickey had a nice piece citing the test results of Intel's latest "hot chip" and noted that in most applications the difference in speed was "not discernible"). So how does Mr. B (Andy's replacement) keep the plants humming? We estimate that PC unit sales next year will be, at best, roughly flat compared with this year. (As an aside, we estimate that PC revenues will be DOWN y-o-y,..... this year,..........first time in history). Last year, Intel provided virtually all required micros, whereas this year, they are just one of the boys. Micro prices are under serious pressure . I can see nothing that suggests any increases in PC sales next year. AMD and its siblings all grow stronger as producers and can currently ship everything they can produce. They are also grabbing former Intel loyalists at every turn. INTC is a great put candidate as their massive manufacturing capacity is rapidly becoming an Albatross.
Best, Earlie |
