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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (84829)	1/3/2000 6:46:00 PM
From: tejek	Respond to of 1573088

M. Eraiba of Gruntel indicates that with Y2K issues behind us, corporations will be spending more for faster servers. She said that Intel would benefit (she meant to say AMD as well but forgot): ____________________________________________________________ Gruntal's Eraiba on Tech Prospects After Y2K: Analyst Comment Santa Clara, California, Jan. 3 (Bloomberg) -- Gruntal & Co. analyst Mona Eraiba comments on the post-Year 2000 business environment for Intel Corp., the biggest computer chip-maker, and for personal computer makers. Some companies, including International Business Machines Corp., said last year that sales could slow into the new year because customers were cutting back on computer purchases to make sure systems were ready for the date change. Many analysts and computer experts predicted computer systems could stumble and recognize the year 2000 as 1900. Eraiba said she expects Intel will benefit as corporations buy faster PCs once they are satisfied their computer networks are stable. ``I think the whole corporate-PC market will see a bump up and we could see a boom in corporate spending,' Eraiba said, who rates Intel an intermediate and long-term ``outperform.' As the new year rolled around the world, there were few reports of Y2K-related problems. Today, financial markets and companies opened for business, apparently with few glitches. Eraiba said that PC makers, especially Compaq Computer Corp. and Hewlett-Packard Co., which sell heavily to corporations, could see increased demand in the first quarter as companies become confident that their computer networks have been purged of glitches. ``A lot of companies postponed their spending,' she said. ``I expect they will resume.' Jan/03/2000 17:29 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.