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

To: tejek who wrote (147992)	7/8/2002 1:43:09 PM
From: tejek	Respond to of 1576822

10:02am 07/08/02 USB's Kumar sees difficulty in upside for Intel (INTC) By Tomi Kilgore Analyst Ashok Kumar at USB Piper Jaffray believes it will be "difficult" for the shares of Intel (INTC) to see significant near-term upside as deteriorating wireline capital expenditures will make it tough for the chipmaker to grow its networking business. Kumar notes, however, that Intel has benefited from the recent downturn in the communication equipment market, and thinks the company will eventually emerge as a "dominant player" in networking silicon. Nevertheless, the stock, a component of the Dow industrials ($INDU) , is sliding 67 cents, or 3.4 percent

To: tejek who wrote (147992)	7/8/2002 7:24:19 PM
From: Petz	Read Replies (1) \| Respond to of 1576822

The article in theStreet.com is good. I think he's right that M$ lowering XBox cost to $200 had a significant negative impact on PC sales. But I think another big impact may be inventory tightening at the combined CPQ/HP. Just reducing inventory by 3 weeks at HPQ and similar OEMs might cause a shift of 1-2M units from Q2 to Q3. Maybe this is a one time hit of 1-2M million units permanently shifting from Quarter n to Quarter n+1, and an additional hit of 1M units from slow end-user sales. Such a move would affect AMD a lot more than Intel, because DELL probably orders weekly and already has low inventory. Petz