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

To: Amy J who wrote (124452)	1/9/2001 11:45:47 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

Amy, <<<This can actually be good for Intel shareholders because it saves money. Unlike some other companies, Intel's management seems to be financially prudent>>> As always, your posts are terrific. However, there are times I disagree. It is one thing to be cautious, prudent, and not waste money but it is something else when you lack vision, creativity, and are unable to take reasonable risks. In this competitive environment, it is not enough just to play it safe. Any decent bean counter could guide a company to not waste money, by cutting expenses, and not to overpay for acqusitions. Any decent bean counter could always give you all the reasons in the world why any particular acquisition is worth less than the asking price - because there is always a fairly decent bean counter on the other side that is quiding the other side to sell for a higher price - and not to sell below what it is worth. In order to stay on top in today's environment, you can not stand still. You can't play it safe. You have to take certain risks. You have to broaden your comfort zone. <<<My assumptions may be wrong, but I doubt Intel's current culture would fit a big player that wants to operate independently. So, a 'timid acquisition' (as you called it), could be the right approach. >>> Intel does a lot of things right, but there are also enormous weakness. Intel has to take some risks. They have to, at least, tweak their culture. They have to bring in some other types of people - not to let them run the company - but people with core competencies in business development, marketing, advertising, and investor relations - and give them some leeway. <<<And as long as Intel can hustle if it needs to, we should be okay.>>> That is the trouble. They can't hustle. They can lumber and they can say no to a lot of initiatives that require investment. In the end, however, it is about balance. In a strange way, Microsoft is a good example of a company that has this kind of balance. What they can't develop themselves, they steal (intellectually speaking), and what they can't steal, they will pay up for, big time. Bill Gates epitomizes what my field hockey coach used to say. The best players are never the ones that are completely coachable - and certainly never the ones that are totally uncoachable. Regards, Mary