Drew Peck Quotes (14 Quotes)

There's no more upside coming. So we're not going to see more than 65, maybe 70 cents out of this company for the whole year. This is a very expensive stock to be earning 65 or 70 cents.

In an absolute sense, the results were good. But I think there may be some disappointment over revenue, which came in basically in line with expectations.

Integrating graphics with the processor compromises performance of the graphics. The problem isn't that people aren't interested in the low-end PCs selling at 600, it's that people aren't interested in processors whose performance is compromised because the graphics is built in.

In light of the huge upside we saw last quarter, I think a lot of investors might have been expecting a little bit better. That may be a nagging problem when you consider that the stock was discounting fairly high expectations already. I suspect there could be some weakness as a result of that.

But ironically, this is going to turn the shortage into a surplus in a very short period of time. This problem has also been masked by seasonal demand for processors, which is very strong at this time of the year.

I'm not only in agreement, I've been feeling for quite a while that these issues are going to emerge pretty soon. I guess the only question I have is, if everything that Kumar described is true, which frankly, I believe it is, then why does he still have a 'buy' on the stock.

Obviously, this company is having big problems. It's cash flow negative. They are now at the point where they are selling off pieces of their business to subsidize the remaining piece. All their eggs are in one basket.

The PC business looks like it's going to be struggling for most of next year. If you look a little bit outside the PC world and look at some of the things that are going on in the consumer and industrial sectors, looks to me like there is going to be a nice rebound coming.

The numbers themselves tell a pretty grim story, so if you're going to hang your hat on this, you have to believe the qualitative commentary rather than the quantitative information.

A lot is going to hinge on how much credibility there is in the comments ... that the microprocessor business has stabilized.

I think a lot of people were a bit nervous about this quarter and there might be a bit of a collective sigh of relief that they pulled it out and that should be viewed positively. The second half of the year is likely to be a whole lot better.

While the company has seen no negative trend in its bookings activity, the Nortel remarks suggest a downturn is inevitable, although probably not until the first quarter of 2001. Unfortunately, stocks selling at more than 100 times multiples don't fare well in the face of any negative trend.

If the K-7 doesn't sell, they have to get out of the processor business. They've really bet the company on the K-7.

Meanwhile, that's been in the midst of reasonably stable pricing in the processor business and I think that the stable pricing is about to come to an end. By the end of this year, we're going to see sharply eroding prices as we get into the first half of next year.