David Powers Quotes (19 Quotes)

This was a case about how Intel used intellectual property from its customers. It makes for a tougher case to prove when the competition improves, and customer are better off.

I'm just a newsboy who met a President.

When we talk with individual investors, ... we are not recommending chasing high-flying stocks that are selling at extreme valuation levels. Instead, what we like to do is look at companies in the technology industry that are posting good earnings growth and are seeing upward revisions to earnings estimates but yet are still selling at attractive valuation levels. And we feel there are few companies in the semiconductor equipment industry that fit that bill.

From Intel's perspective, this is a new market they're trying to enter that has high margins. They need to be successful in order to offset the low-end market.

Microsoft had a big part in yesterday's Nasdaq decline, ... But I think the bigger picture is really that we saw a massive flight to quality, and that was illustrated by the performance of the Dow versus that of the Nasdaq. We saw money being shifted out of the more speculative names, and into the more established companies that have proven track records.

We think that the second half will indeed turn out to be better for Intel, ... They're doing an excellent job reducing their cost. They're going to be introducing some new products toward the end of the year and then out to year 2000.

My view is we continue to trade in a sideways pattern for the rest of the year.

When I started looking for a driver, I wanted someone who would be able to market himself and understand what the sponsors are looking for. But I also needed somebody who could win races. We found that in Rod.

As a team owner I couldn't be any prouder than I am right now, ... Our crew chief Lee Beard, tuning consultant Rob Flynn and all the guys have come together to form a really exceptional team and I feel we are going to bring a lot to the table in Indianapolis.

I think, first of all, the semiconductor sector had been oversold. This was one area, the technology market that just did not perform well over the past few months. There is a lot of concern with investors whether or not this current upturn in the semiconductor industry has peaked. There is a huge debate going on whether or not we still have any growth left. And, our view has also been that, yes, we believe this is more of a seasonal slowdown than any prolonged downturn for the industry. So we think there is some legs left in the semiconductor cycle. And as a result, we would be a buyer of some of these stocks,

It's a negative for companies that will incorporate the product into their workstations and servers. New product cycles are the lifeblood of the technology industry.

There's no real clear conviction in this market. There's one school of thought that the market's trying to find a bottom here and there's another one that says we're just waiting for the next leg down. I personally believe that we're going to trade sideways here for a while. I think there's really no catalyst either way to drive the market much higher in the near term or for that matter on the down side as well,

Keep in mind that it's only a six-month delay, so it's not catastrophic ... (But) right now there are a lot of clouds in the sky. There's speculation that their second quarter will be difficult. There's the problems in Asia and the sluggish Japanese econo

Motorola finally has the wind behind their back, ... The semiconductor industry is in the early stages of a recovery. We're really seeing the profitability of Motorola start to improve. We think that will continue over the next two quarters and during the second half of the year as well.

Management gave no assurance as to when business is going to improve.

President Kennedy was the greatest man I ever met, and the best friend I ever had.

I think investors are really pleased with what they heard about the future guidance for the second half. We think that the second half will indeed turn out to be better for Intel. It's seasonally stronger for them. At the same time, they're doing an excellent job reducing their cost.

We believe Wal-Mart's growth outlook remains favorable.

If you look at Motorola over the past couple of years, they've really spent the bulk of their time downsizing, ... But now . . . they really like to focus more on the growth aspect of the equation, and if you look at one of the fastest growing markets in technology, it's certainly broadband access.