They're going to get clobbered. If it's a Europe problem, that affects everybody, not just Intel. |
This economy is not going to rebound any time soon. To sit here and guess where the bottom is is a loser's bet. |
This is yet another data point that the general IT spending pickup continues to stretch out in time. We do not see a recovery till after the summer at the earliest and even then expect the recovery to be gradual. |
Though we believe Dell can outperform the Nasdaq in 2000 after a poor 1999, we believe this can only happen after expectations have been reset to more reasonable levels. We believe downside on the stock is to the high $30s. We remain on the sidelines until then. |
We believe that Compaq also did a good job on the profitability front, which should enable operating margins to more than double from third-quarter levels ... this should lead to earnings-per-share at least several cents higher than the consensus First Call estimates of $0.16. |
We believe that demand is now likely to exceed Intel's processor supply now through the third quarter and possibly into the fourth quarter. |
We believe that Intel is seeing the most front-end loaded third quarter in many years and is booked out for the quarter. |
We remain negative on PCs and semis and believe there is still downside risk to estimates and stock prices. |
We're getting to the latter half of the year. and typically, the industry sells close to 20 percent more PCs in the second half versus the first half. People are getting ready in anticipation of a much stronger second half of the year. |
When you miss your top line by $1 billion, the stock should go down. With negative year-over-year revenue growth it is really hard to get excited about the stock. |