It's a disaster. They told us three months ago that Y2K isn't going to have any effect on them at all. They miss this quarter, now they're saying the next quarter is going to be even worse and that the first quarter will have even more losses.
More Quotes from Dan Niles:
In the past, Intel has had much higher performance products than AMD had, so they bombed prices on the low end, and kept pricing higher on the high end. This time, AMD's got as speedy processors as Intel does at the high end. There's nothing Intel can do.Dan Niles
If the shareholders vote against this deal, it is hard to see how she will remain. In our opinion, the only beneficiaries to the current increase in uncertainty are Dell and IBM.
Dan Niles
Dell's forecast paints an ugly picture of current trends and calls into question the credibility of a seasonally better third quarter that others have forecast.
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
This economy is not going to rebound any time soon. To sit here and guess where the bottom is is a loser's bet.
Dan Niles
Our stance has been in big enterprise applications, it was obvious that people were buying ahead to get their systems ready for Y2K. The mainframe business is a dying business, and our feeling was IBM would see it in the third and fourth quarters because the growth patterns weren't normal.
Dan Niles
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