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

To: Paul Engel who wrote (73289)	2/10/1999 12:36:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 186894

Paul, more from Andy Bryant at Goldman Sachs conference. Sounds like he's really opening up, something you and Jeff implied he doesn't do a whole lot after the stockholders' mtg. last year. Talk about low end PCs, embedded stuff, high end, DRAM and sounds like Pentium II is still sold out!Are you filling the demand for Pentium II? We are moving to being closer to being in balance across the product line. The number of customers upset at us is not quite as many as it used to be. Again, as you well know, Bryant could be called the master of the understatement, yet this bullish stuff. 1Q upward earnings surprise again? I'm guessing yes. From the AMAT thread, thanks to Jeff. Interesting interview with the INTC CFO. He mentions copper and 300MM technologies. Jeff << Intel CFO: We're Back In The Saddle Again -------------------------------------------------------------------------------- Story Filed: Tuesday, February 09, 1999 03:36 PM EST Feb 09, 1999 (Tech Web - CMP via COMTEX) -- NEW YORK -- Intel blew it last quarter, failing to meet demand for Pentium II and overestimating demand for the Celeron chip. Still, the Santa Clara, Calif.-based semiconductor manufacturer beat Wall Street estimates. Andy Bryant, chief financial officer at Intel, said Monday the chip maker is finally having some success at the low end of the chip market this quarter. But Intel isn't limiting itself. Just last week, it announced a joint development agreement with Analog Devices to design a DSP core architecture. Also last week, the year-old partnership of Intel and toy maker Mattel unwrapped its first two products last week -- an electronic microscope and a video camera that both work with a PC. TechWeb reporter Mo Krochmal questioned Bryant at the Goldman Sachs Technology Investment conference here in New York. Can Intel play in the sub-$1,000 PC market, where a processor might cost as little as $50? We don't have the cost structure to get under $500 right now. We're working on costs. If you asked me 18 months ago, I would have said I don't see how to sell in the below-$700 at a profit. But we can do that now. Can Intel get into the lower-power, embedded-chip market? It's happened. The Pentium MMX is in that space, and the Strong-ARM processor plays in that space. We are just missing a $300-to-$500 product. Is there enough DRAM for the new chips? According to our estimates, there is enough capacity out there, but you have to talk to Dell and Compaq. Regardless of the Pentium II or the Pentium III, software is getting bigger and more complex and requires more DRAM. The investments we have made is targeted at our DRAM. At the end of the year, you are going to see the benefits of performance, if you have more memory. That's what drove our Micron investment. We are trying to bring more capacity online. Are you filling the demand for Pentium II? We are moving to being closer to being in balance across the product line. The number of customers upset at us is not quite as many as it used to be. How about the copper technologies and 300-millimeter wafer manufacturing? Copper is some time out for us. As for 300 mm, we don't want to be the first. If others are ready to go, we would go with them. We don't mind being tied for first and sharing the technology. How about the high end of the processor market? The Intel architecture is moving higher. In our strategic planning, we look at Sun, IBM, HP, and we look for holes. Above the operating system layer, at the applications layer, there are holes. But to get there, we need better capabilities. We're not walking away from the bottom end, but the high end itself doesn't win. You have to sell across the entire range. >> ------ Previous