This economy is not going to rebound any time soon. To sit here and guess where the bottom is is a loser's bet.
More Quotes from Dan Niles:
We believe that Intel is seeing the most front-end loaded third quarter in many years and is booked out for the quarter.Dan Niles
There could be a bloodbath in pricing in the first part of next year if they don't move inventories over the holidays. The magnitude of the miss gives you an idea of what's going to happen with the PC market next year.
Dan Niles
Slightly, to my mind, implies 3- to 5-percent growth. I think most people were looking at the 7- to 8-percent range for the fourth quarter.
Dan Niles
Our biggest surprise and disappointment is that the company did not lower the fiscal year 2001 revenue guidance as well.
Dan Niles
Over the past two years, AMD has increased its market share against Intel from 13 percent to 21 percent. For those who thought the price war was aggressive, you haven't seen anything yet.
Dan Niles
The problem is how long will it take for the fundamentals to stop getting worse, and we don't see that happening any time soon.
Dan Niles
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