Paul, Re: "BT Alex. Brown & Sons analyst Erika Klauer reiterated a strong buy rating
on Intel Corp. , saying its first quarter should be in line with company
guidance and that recent fears about its growth slowing are overdone."
Amen Erika. Bring on earnings. Pretty tiresome to see Intel get sold off for news ranging from IBM weaker mainframe sales, to Dell finally getting the whistle blown on them as running out of gas. If you look at it, mainframe sales just might be weaker because they're finally starting to get hit a little by Intel based server sales (present, Xeon), more for future hesitation to plan for mainframe purchases because of Merced, McKinley next year. Even if it's neither, mainframe sales softening have absolutely no negative impact on Intel. Someday, though, it will be good news for Intel. And Dell has to face the music someday (now) that they are no longer the greatest thing since sliced bread. Boxmaker, boxmaker, boxmaker, 2.5% R&D spending as % of revenues. That deserves to be a high flyer? Maybe in the past, but I think the rest are getting the direct sales idea. Give me a break on Dell's P/E. To me, Intel's fortunes should not be tied to the specific reasons for either IBM's or Dell's slowing down here.
I was going to say that Intel could blow their own horn a little more in times like this, but they have been coming out about Pentium III sales being good. Patience is needed here, I guess.
Tony
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