Carl,
The real truth about Fleckenstein: He has missed out on the greatest wealth building period in the history of the stock market. No wonder he's sour on the market.
His comments on Intel, like Kurlack's, reveal a lack of insight into the nature of the information revolution that the planet is now going through. While he acknowledges the importance of the Internet, he clearly shows his ignorance in denying Intel any part in it. In fact, Intel's current strong financial position rests squarely on the sale of its Zeon chips in the server market, not on the sub-1000 PC market that he claims Intel has lost. Is he (and Kurlak) really that stupid that he doesn't see what is so obvious to even a casually informed industry watcher like myself? Sure, Intel has a few competitors nipping at its heals, but do they really threaten its monopoly? I don't think so. Ask NEC, IBM, Motorola, and Cyrix how easy it is to compete against Intel in the high performance PC chip market. Jerry Sanders is the only one left who hasn't learned his lesson. But then, he always had a thing about being second best.
BTW, check this link to see what the developing world really wants in their PCs: www3.techstocks.com
len |
