Dan Niles
Dan Niles
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.
affects europe
They're going to get clobbered. If it's a Europe problem, that affects everybody, not just Intel.
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.
believe best estimates forward likely remain unchanged
As a result, we believe forward EPS estimates at best will remain unchanged and most likely will need to be lowered.
brings capacity deliver easy gain intel share
It's easy for No. 2 to gain share when No. 1 can't deliver enough products. It will get more interesting in 2006 as Intel brings new capacity on line.
core profitable services
Services are much more profitable than their core business.
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.
huge price quarter
There has been a huge run-up in price this quarter - unbelievable results.
gives happen magnitude market miss move next pc pricing year
There could be a bloodbath in pricing in the first part of next year if they don't move inventories over the holidays. The magnitude of the miss gives you an idea of what's going to happen with the PC market next year.
excited growth hard line miss negative revenue stock top
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.
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.
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.
close half industry latter pcs people percent ready second sells stronger versus
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.
believe downside estimates negative pcs remain risk stock
We remain negative on PCs and semis and believe there is still downside risk to estimates and stock prices.