Drew Peck
Drew Peck
disaster good rally
It's not a disaster. But it's just not good enough to rally the stock.
built graphics interested pcs people performance problem selling whose
Integrating graphics with the processor compromises performance of the graphics. The problem isn't that people aren't interested in the low-end PCs selling at $600, it's that people aren't interested in processors whose performance is compromised because the graphics is built in.
cents company earning expensive maybe stock upside
There's no more upside coming. So we're not going to see more than 65, maybe 70 cents out of this company for the whole year. This is a very expensive stock to be earning 65 or 70 cents.
bag beginning current feeling fire general industry last mixed nearly sector strong three
For the last three quarters, the whole industry has been on fire. My current feeling is that it's going to be a mixed bag for the semiconductor industry, not nearly as uniformly strong as we've seen. That is the beginning of a general deceleration in the industry, but that deceleration is going to be very sector specific.
consume explaining goes pcs softness
Intel's pre-announcement goes a long way to explaining softness in the DRAM market. PCs consume well over one-half of all DRAMs.
bet company
If the K-7 doesn't sell, they have to get out of the processor business. They've really bet the company on the K-7.
benefits both concerns december disappear february focused issue january mostly next quarter start third year
But both of those benefits are going to disappear by December and then January and February are going to be very, very tough. I don't have an issue for Intel's third quarter, which is mostly over. My concerns are mostly focused on the first quarter of next year -- that's when things are going to start getting derailed.
pour seems
When it rains, it always seems to pour at AMD.