Dan Niles
Dan Niles
beat good numbers quarter three
It was about as good a quarter as you're going to get. They cleanly beat the numbers by about three cents.
huge price quarter
There has been a huge run-up in price this quarter - unbelievable results.
effect miss months next quarter saying three worse
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.
believe booked intel loaded quarter seeing third
We believe that Intel is seeing the most front-end loaded third quarter in many years and is booked out for the quarter.
believe demand exceed fourth likely possibly quarter supply third
We believe that demand is now likely to exceed Intel's processor supply now through the third quarter and possibly into the fourth quarter.
ahead business buying dying enterprise feeling fourth growth ibm obvious patterns people quarters ready stance systems third
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.
bottom firm footing line puts quarters reality saying
The bottom line is they (Cisco) said the bottom may be one-to-two quarters out so that puts you back to firm footing with reality saying this is not over yet.
gave growth guidance industry quarter third worse
Dell reaffirmed their guidance for the third quarter, but gave no guidance going forward. They also said that industry growth for the third quarter was going to be worse than expected.
correction grew inability inventory october percent quarter reduce seen view worst
Cisco's inability to reduce its inventory after the October quarter when revenues grew 14 percent quarter over quarter and inventory grew by 59 percent quarter over quarter reaffirms our view that we have not yet seen the worst of the inventory correction for semiconductor suppliers.
bottom call cautious intel pickup quarter reached remain sees signs until
Intel sees no signs of a pickup and would not call this quarter the bottom for revenues. We do not think the bottom will be reached until the summer, at the earliest, and remain cautious on the stock.
demand inventory large levels likely looks situation sluggish supply worse
The supply situation will likely get worse in the first half, while demand looks sluggish at best, with large inventory levels in the supply chain.
affect chip closely company generally good guys last overall positive
It doesn't get a lot better than that, especially for a company that just hasn't been doing very well for the last year. It's going to be good for them tomorrow, and that should have a positive affect on a lot of the other chip makers, especially guys that are closely related. It will have generally a positive affect on the overall market.
happening problem stop time
The problem is how long will it take for the fundamentals to stop getting worse, and we don't see that happening any time soon.
against current hard increase vote
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.