SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: tcmay who wrote (172459)1/10/2003 4:57:20 PM
From: Tenchusatsu  Respond to of 186894
 
From InStat/MDR: Intel to Maintain Dominant Position in Mobile Processor Market

Despite the present economic slowdown, a cyclical recovery in 4Q02 notebook sales will allow Intel Corporation's mobile PC processor unit volume to grow 6% in 2002, according to a recent report by In-Stat/MDR (http://www.MDRonline.com). The high-tech market research firm projects that the chip manufacturer will experience a modest recovery to mobile unit growth of 15% in both 2003 and 2004, with ASPs holding stable in 2003, despite the introduction of the new Banias (Pentium M) processor and a resulting reduction in average clock speeds.

However, Intel's major competitors in this space (AMD, Transmeta, and VIA) will continue to nibble at the company's market share, offering slightly different combinations of performance, power, and price. AMD has proven itself an able mobile competitor in the full size notebook category with the mobile Athlon XP, a high performing, competitively priced mobile processor. Yet, Intel's plans for Banias could leave AMD out of the fast growing thin and light segment of the market. In addition, Intel has responded to the low-power challenge from Transmeta with ultra-low-voltage Tualatin and Banias processors.

In-Stat/MDR expects Intel to maintain it dominant position in the mobile processor market and with Intel's present mobile volume roughly equal to AMD's total CPU shipments (including desktop), alternative vendors will be hard pressed to supplant Intel's sheer volume and manufacturing capacity.

In-Stat/MDR's report also found that:

* Intel's blended mobile processor ASP declined by 10% in 1H02 as a result of increased competition, continued reliance on the aging P6 microarchitecture (Tualatin), and a weak economy.

* Banias (Pentium M) should prove a challenge for Intel, as it sells a processor that lacks higher clock speeds (compared with mobile Pentium 4-M), but offers a bundle of mobile-friendly features and benefits.

* In the longer term, Intel's ability to avoid dropping its prices will depend on its success in igniting interest for its more-expensive processors. Intel is working hard to avoid further reductions in its price.

This Market Alert is drawn from the In-Stat/MDR report, "Mobile PC Processors" (#IN020428IN), which focuses on Intel's Mobile PC processor business and includes volume, product, and clock speed estimates to 4Q04; pricing and ASP projections to 4Q03 for both performance and value mobile processors. This report covers the introduction of the mobile Banias and Dothan processors and 0.09-micron Pentium 4 families to the mobile PC market. Chip set and platform technologies are included. This report covers Intel's plans to increase mobile processor speeds, with the mobile Pentium 4-M reaching over 3.3GHz in 2004 and with the more moderately clocked Dothan processors reaching 2.2GHz, as it struggles to balance challenges by AMD and Transmeta, maintaining power dissipation within desired mobile limits, and keeping pace with Moore's Law. Data, dating back as far as 1995 for mobile processors, is supplied to provide a historical context to Intel's present and future plans. To purchase the report, or for additional information, please visit: instat.com or contact Erin McKeighan; emckeighan@instat.com at 480.609.4551. The report price is $2,495 U.S. Dollars.

About In-Stat/MDR

In-Stat/MDR (http://www.MDRonline.com) offers a broad range of information resources and analytical assets to technology vendors, service providers, technology professionals, and market specialists worldwide. The company stands alone in its ability to integrate both supply-side and demand-side research methodologies into a single comprehensive view of technology markets and products. This capability relies on a unique ability to cover the entire value chain from engineering-level technology, through equipment, infrastructure, services and end-users.

In-Stat/MDR is part of the Reed Electronics Group, a division of Reed Elsevier (www.reedelsevier.com), a world-leading publisher and information provider. With over 38,000 employees worldwide, Reed Elsevier operates in the science & medical, legal, education and business-to-business industry sectors, providing high value and flexible information solutions to professional end users, with increasing emphasis on the Internet.



To: tcmay who wrote (172459)1/10/2003 6:27:51 PM
From: Dave Budde  Read Replies (1) | Respond to of 186894
 
Re: deemed dividend

I don't think this is so bad. Presumably the dividends accumulate over time so that when you do sell, your basis is increased for all dividends since you owned the stock. I'd rather get a chit from MSFT (your example) rather than no dividend. If this new law encourages dividend payment (in any form) where it wasn't encouraged before and those dividends aren't taxed (whenever realized), then I'm all for it.

I just wish they'd do the same for all types of investment income (e.g., bond interest as well).



To: tcmay who wrote (172459)1/10/2003 6:46:01 PM
From: willcousa  Respond to of 186894
 
Tim, if you think this is difficult you should read the rest of the tax code. Try the straddle rules on multiple positions in a stock and its options. But I wouldn't wish that on anyone.



To: tcmay who wrote (172459)1/11/2003 10:33:31 AM
From: Proud_Infidel  Respond to of 186894
 
Pentium 4: More speed in the pipeline

By Michael Kanellos
Staff Writer, CNET News.com
January 10, 2003, 1:24 PM PT

Intel will increase the speed of the chipset on the Pentium 4 in the coming months, a change that will likely boost the performance of top-end PCs.
The Santa Clara, Calif.-based chipmaker is coming out with a new chipset, code-named Springdale, for Pentium 4 PCs. The chipset runs at 800MHz, substantially faster than the 400MHz and 533MHz chipsets currently available for Pentium 4 computers, according to sources close to the company.

The new chipset will be released with a 3.2GHz version of the Pentium 4, the sources said. Intel could not be reached for comment.

Among other tasks, the chipset creates a data path, or system bus, between the processor and a computer's memory. Speeding it up increases both the rate the processor can obtain data and the amount that can be transferred.

The imbalance between processor speeds, which top out at 3GHz, and memory and system buses, which are far slower, has made the system bus look more like a street than a freeway because of the imbalance. Often, processors hum along in idle mode because of a lack of data. Likewise, latency, the time gap between when a chip has requested data and when it arrives, has grown.

"Anything you can do to speed that up will help," said Nathan Brookwood, an analyst at consulting firm Insight 64.

Overall, the increase in bus speed could boost performance by 3 percent to 5 percent, he said.

The chip is expected to be discussed at the Intel Developer Forum kicking off in San Jose, Calif., on Feb. 18. Earlier, some analysts speculated that Springdale would come with a 667MHz bus. Desktop chip price cuts, which haven't occurred since November, will also likely occur around the same time to ease the introduction of the 3.2GHz chip.

The Springdale chipsets likely will invigorate the ongoing performance duel between Intel and rival Advanced Micro Devices. Although the top chips from the two companies were fairly evenly matched in 2001, Intel began to pull away on various benchmark tests from AMD in the second half of 2002 by increasing the clock speed, measured in mega- and gigahertz, on the Pentium 4 faster than AMD did with its competing Athlon chip.

Goosing megahertz isn't everything in performance, but it helps, analysts and executives say.

AMD had to delay some chips and has had difficulty producing its fastest ones in appreciable volumes.

Intel then widened the gap further with the release of the 3GHz Pentium 4 in November. The chip was the first desktop part to come with hyperthreading, which allows a chip to perform multiple tasks at a single time. Despite some early skepticism, benchmark testers gave it the thumbs up.

"We have to hand it to Intel; we honestly expected hyperthreading to be a big flop initially on the desktop because of losses in performance," Anand Lai Shimpi, editor of the Anandtech site, wrote at the time. "Hyperthreading in its current form is very much an infant technology; the potential for it is huge, and it can grow into something much larger than what we see here today."

AMD, though, will counter with its Athlon 64, the first desktop chip based around the Hammer architecture, in late March or early April. Hammer chips will come with an integrated memory controller--the part of the chipset that creates the system bus--that will run at the same speed as the chip, making it faster than Intel.

Sunnyvale, Calif.-based AMD has also made several tweaks to the core of Hammer, which will improve performance. The Hammer core is partly based on the Athlon architecture.

Both approaches have their advantages, but at this point "there are so many different factors...it is hard to determine" which will prove superior at any given speed, Brookwood said.



To: tcmay who wrote (172459)1/15/2003 5:14:54 AM
From: Amy J  Read Replies (1) | Respond to of 186894
 
Hi Tim, Duke & Thread, RE: " Under the earlier notion of a tax-free dividend, those 100,000 shares could generate $100,000 in tax-free income (to first order...there are still issues of AMT, etc. probably lurking about). Not a bad piece of change, and a nice tax savings! This could encourage more people to acquire stocks just for the living income.

But if Microsoft goes the "deemed dividend" route, it issues a $2 deemed divident chit per share that ONLY APPLIES TO SHARES SOLD. If our investor sells 1000 shares of Microsoft at $100 (to pick a round numbers example), with his purchase price basis increased by the $2 per share chit, then his savings are 20% x $2000. A measly $400. He still pays the 20% taxes on most of the capital gains.

In other words, he only gets the full benefit of the deemed dividends if he sells _all_ of his holdings.
...
So as I read the fine print, investors like ourselves in tech stocks will see little or no benefit. Companies like Microsoft and Intel will very likely _not_ be giving us substantial tax-free dividends. They will use the deemed dividends feature and our savings will be miniscule. Unless we sell the whole batch, which may be the intent of the fine print, to get those capital gains recorded as quickly as possible, on account of the drastic budget crisis.

Sleazeballs."

--Tim May
-------------------------------------------------

Excellent post.

Duke, how does that relate to your post about getting "an investor closer to a company?"

Message 18421986

Regards,
Amy J



To: tcmay who wrote (172459)1/16/2003 6:22:01 PM
From: TimF  Read Replies (1) | Respond to of 186894
 
deemed dividend chit per share that ONLY APPLIES TO SHARES SOLD.

Are you sure about that?

Tim