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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (55912)	4/13/1999 6:48:00 PM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

And, shockingly, it looks as though the market may be waking up to the facts, if only a little. My favorite market rag, Briefing's take on the Intel report is instructive. Highlights include: "Optimists will term this sequential decline a normal seasonal drop, but it was second only to Q4 1998 (-7.8%) as the worst Q4 of the decade, and it was below analysts' estimates." ... "Interest/other income also offered an upside surprise, coming in at $347 mln instead of the expected $200 mln." ... "..should produce Q2 EPS of about $0.54, just below the First Call consensus.." ... "The reality for Intel and most all participants in the PC sector is that sales growth is slowing. Compaq's (CPQ) warning on Friday was not company-specific, and is instead a reflection of two key factors that are hurting PC sales. First, corporate profits were down in 1998 on an as-reported basis. When profits fall, investment in capital equipment (such as PCs with Intel chips) usually suffers. Second, pre-Y2K PC purchases juiced sales in 1998 but are subsiding in 1999." briefing.com -mb

To: Knighty Tin who wrote (55912)	4/13/1999 6:51:00 PM
From: gnuman	Read Replies (2) \| Respond to of 132070

MB, re: Intel CC I thought Otellini's comments regarding the PII were the most interesting part of the CC. Dell's Everett, (former Exec VP of Intel), proclaimed last week that the PII was dead. news.com Yet in answers to questions Paul claimed, (paraphrasing), it's premature to announce the death of PII, they will make them as long as customers want them, and many businesses want a stable platform (?) and will keep buying PII. He declined to project when the PII/PIII volume would cross over. He also ducked the question on the outlook for PC's.