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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Fred Fahmy who wrote (64688)	7/16/1999 9:41:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Fred, with AMD the point is every sale AMD makes is a lost sale for Intel. Were it not for competition ,however weak and inept, Intel could charge higher prices. mike

To: Fred Fahmy who wrote (64688)	7/16/1999 11:16:00 AM
From: Earlie	Read Replies (2) \| Respond to of 132070

Fred: I note that you avoid any comment on the fact that AMD has taken over 50% of the micro market in the U.S.,....from a standing start and in a bit over a year. It is a very small competitor to have done this. In any other industry, this would be considered a complete disaster for the likes of Intel, but of course, in this mania, "it doesn't matter". Yes, AMD has taken big losses, but it has still pulled off what was unthinkable a year or so ago. WIP has many crafty ways in which it can be manipulated. Leave out so much as the last bit of packaging and it remains WIP. Inventories are UP Fred,.... and for the second quarter in a row. So are the inventories of its main competitor. Does this not say something to you about supply and demand in the industry? It is well known that corporate sales have dried up, and that retail sales depend on brutal price cutting. Is this the stuff of which strong growth is made? I read your comments and noted your expectations for Intel's stock price for next year. I don't share your enthusiasm. Your comments relating to what will drive growth run counter to the emerging facts. While Intel has some degree of diversity, it is still mainly dependent on PC sales for its prosperity, and PC growth, especially in revenues, is drying up. What are your views on: - The recent court case that went against Intel and that throws into question their use of the "clipper" technology. - The multiple delays in Merced et al. - The share buyback program - The accounting issues. - The poor P3 sales (cannibalized by the Celeron). Best, Earlie