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

To: Ibexx who wrote (131597)	4/4/2001 8:30:54 AM
From: Jacques Newey	Respond to of 186894

From WSJ - Portfolios of Some Tech Firms Are Bruised in Market Decline “If you are watching the value of your portfolio evaporate, it may be of some consolation to know that there are a lot of smart people with the same problem….” “Intel has sold stakes in 10 of its investment-portfolio holdings this year, valued at a combined $99.1 million, according to financial-data provider Thomson Financial. Of those companies, seven are down about 90% or more from their peaks, and the other three are off 50%-plus. The total value of Intel's portfolio of 550 companies stood at $3.7 billion on Dec. 1, about a third of its value last April. Intel's recent disposals include the sale of more than 1.8 million shares of GlobeSpan Inc., valued at more than $60.7 million, or at prices averaging about $33 a share. At their peak, those shares would have been valued at $270.3 million. "In the normal course of managing that portfolio, we are going to be selling a portion of those holdings and investing in other companies," said an Intel spokesman in Santa Clara, Calif. "There are examples that haven't been the greatest financial investment," he said, but stressed that investment decisions are based on gaining access to technology they deem to be strategically important, as well as financial gain. The "financial gain" side of the equation surely seemed to rule the day when stocks were going up. Intel managed to book gains of $3.7 billion from its investments during 2000. However, the company projects that for the latest quarter, to be reported later this month, no net gains will be realized. (For the year-earlier quarter, Intel posted investment gains of $449 million.) "Not only won't [Intel] be showing gains, it's quite possible they will be showing losses" in the investment portfolio, says Drew Peck, a technology analyst at SG Cowen Securities in Boston. In light of that, he says it will be interesting to see how Intel will account for those losses. While many companies exclude such investment gains from their Wall Street earnings numbers, Intel maintained last year that such gains are a recurring part of its business and therefore should be included. "Now the shoe is on the other foot," Mr. Peck says. "Will they continue to say losses have to be incorporated or will they abandon the strategy?"”

To: Ibexx who wrote (131597)	4/4/2001 11:41:10 AM
From: The Duke of URL©	Respond to of 186894

Very informative and important post. Thank you.

To: Ibexx who wrote (131597)	4/4/2001 2:35:47 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

ibexx,<<<Intel, Broadcom vie for the network core>>> This should not even be a contest, but Intel will make it into one. Broadcom has market cap of about $6B and total annual revenues of $1B. But they seem to have a plan that makes sense: <<<"Broadcom's acquisition strategy says that in five years, every home is going to have some kind of box that serves as a broadband gateway, and it is going to develop or acquire every technology that will be required by that box," <sic> and simultaneously move up ......to build the systems in the access and data aggregation levels. >>> In the meantime, Intel holds on to the Intel culture. Don't complain, don't explain. Arrogant and obtuse. A sure way to snatch defeat out of the jowls of victory. Thanks for the link. Mary

To: Ibexx who wrote (131597)	4/4/2001 5:02:04 PM
From: John Hull	Read Replies (1) \| Respond to of 186894

IBexx, Interesting article. While one could get bent out of shape by the commentary of the Thomas Weisel analyst, the reality is that I'm not really interested in having the Intel acquisition strategy so easy to figure out. If everybody knows what we want to buy then prices go up and our competitors can front-run us. I've seen the acquisition roadmaps and they make perfect sense to me.....but they are, and will remain, confidential. regards, jh

To: Ibexx who wrote (131597)	4/6/2001 3:31:39 AM
From: Amy J	Respond to of 186894

Ibexx and Thread, RE: "The key is long-term vision. Bunting said that Broadcom's plan revolves around preparing for the wired home and the various products that OEMs will need to supply that market. In contrast, Intel is taking a more shotgun approach, Bunting said, one that does not suggest a clear vision of what the network will look like in five years. " ---------------------- The analyst understands the consumer network market well, but... remember how a couple analysts equated the computer chip business to only the visible, consumer PC desktop chip business (thus, neglecting other markets) and incorrectly assumed AMD was going to take over Intel (because, say, Germany sold a lot of AMD PC consumer chips). Same probably applies to Intel's nw comm business. Regards, Amy J