David Powers
David Powers
David Francis Powers was Special Assistant and assistant Appointments Secretary to President of the United States John F. Kennedy. Powers served as Museum Curator of the John F. Kennedy Library and Museum from 1964 until his retirement in May 1994. Powers was a military veteran who had served in the U.S. Army Air Corps during World War II from 1942 to 1945. Powers was also a very close, personal friend of John F. Kennedy...
NationalityAmerican
ProfessionPolitician
Date of Birth25 April 1912
CountryUnited States of America
Keep in mind that it's only a six-month delay, so it's not catastrophic ... (But) right now there are a lot of clouds in the sky. There's speculation that their second quarter will be difficult. There's the problems in Asia and the sluggish Japanese economy. A lot of things don't bode well in the near term.
I think investors are really pleased with what they heard about the future guidance for the second half. We think that the second half will indeed turn out to be better for Intel. It's seasonally stronger for them. At the same time, they're doing an excellent job reducing their cost.
Motorola finally has the wind behind their back, ... The semiconductor industry is in the early stages of a recovery. We're really seeing the profitability of Motorola start to improve. We think that will continue over the next two quarters and during the second half of the year as well.
We think that the second half will indeed turn out to be better for Intel, ... They're doing an excellent job reducing their cost. They're going to be introducing some new products toward the end of the year and then out to year 2000.
I think, first of all, the semiconductor sector had been oversold. This was one area, the technology market that just did not perform well over the past few months. There is a lot of concern with investors whether or not this current upturn in the semiconductor industry has peaked. There is a huge debate going on whether or not we still have any growth left. And, our view has also been that, yes, we believe this is more of a seasonal slowdown than any prolonged downturn for the industry. So we think there is some legs left in the semiconductor cycle. And as a result, we would be a buyer of some of these stocks.
Management gave no assurance as to when business is going to improve.
My view is we continue to trade in a sideways pattern for the rest of the year.
I'm just a newsboy who met a President.
President Kennedy was the greatest man I ever met, and the best friend I ever had.
If god created man in his own image, how come I'm not invisible?
From Intel's perspective, this is a new market they're trying to enter that has high margins. They need to be successful in order to offset the low-end market.
This was a case about how Intel used intellectual property from its customers. It makes for a tougher case to prove when the competition improves, and customer are better off.
When I started looking for a driver, I wanted someone who would be able to market himself and understand what the sponsors are looking for. But I also needed somebody who could win races. We found that in Rod.
We saw this as an opportunity to explore a passion we had and leverage some of the skills we had acquired at our day job. One day we were thinking about how we could teach people to play and become better ourselves.