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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (84206)	6/22/1999 3:25:00 PM
From: Mary Cluney	Read Replies (2) \| Respond to of 186894

Michael,>>>Michael Dell Denies PC Industry Is Slowing... cast scorn on the view that overall PC industry growth is slowing.<<< Did you see the Michael Dell interview on CNBC with the Money Dummy Bill Griffith? (Okay maybe he's not as dumb as Ron Insana - but close enough). Griffith kept up his line of questioning expecting Michael Dell to say affirmatively that PC's are a commodity item and headed lower than $1000.00. Griffith refused to acknowledge Michael Dell's explanation that a quarter of his sales are into the Corporate market, a quarter are in areas (Geographies) where Dell had not been before, a quarter in services, and a quarter in consumer sales. The average PC sales is over $2,300. And, there is no slump in the PC market. Sales are up, and so are profits. The Money Dummy didn't hear any of this. He just wanted Michael Dell to acknowledge that the PC business is dead, pricing pressures will cause computers to be sold like a commodity and to be sold for way less than $1000.00, and that we do not need more powerful computers (ever) because all we will ever do is surf the Internet and we have more computer than we need. The Money Dummy didn't care that he was interviewing, arguably, one of the great business man of our times and that perhaps we could learn something from him. All Griffith wanted to do was tell us what he knew about the computer business. If that was what he wanted to do, why didn't Bill Griffith just interview himself and not waste Michael Dell's (and our) time. But, I have to admit, he is not the only talking head mouthing these words. It seems as if the talking puff heads are trying to talk us into a self fullfilling PC recession prophesy. I guess that is what sentiment is all about - reality does not matter that much. Mary