We expect seasonally normal PC demand and a richer product mix to drive a positive first quarter earnings surprise. PC demand should accelerate in the second half of 2000, (driven by) a strong economy, Windows 2000 and a sharp increase in microprocessor price performance.
More Quotes from Mark Edelstone:
This is likely to lead to a lower-than-expected average selling price for Intel's overall MPU (microprocessor) portfolio.Mark Edelstone
Coupled with weak PC demand, we believe Intel faces significant product transition risk to its next generation Pentium III microprocessor without a good cost structure in 2001,
Mark Edelstone
NAND flash currently represents one of the weakest product segments in the overall semiconductor industry.
Mark Edelstone
Revenue growth is decelerating rapidly, and a trough isn't expected until the third quarter of 2001. Based on semiconductor industry data for November, we also lowered our projection of the global industry's growth rate in 2000 to 36 percent from 40 percent.
Mark Edelstone
Demand for PCs is weak and microprocessor prices are becoming more aggressive, ... To stimulate PC demand and improve Intel's long-term competitive position, we believe the company's Pentium 4 price cuts will become more aggressive.
Mark Edelstone
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