Mark Edelstone
Mark Edelstone
based data expected global growth industry percent projection quarter rate revenue third until
Revenue growth is decelerating rapidly, and a trough isn't expected until the third quarter of 2001. Based on semiconductor industry data for November, we also lowered our projection of the global industry's growth rate in 2000 to 36 percent from 40 percent.
issues key watch
The key issues to watch from here would be the negotiations and litigations with other DRAM suppliers,
although clearly easy execution focus lack
Although it's not easy for anyone, LSI has clearly underperformed. It comes down to a lack of focus and execution.
becoming believe cuts demand improve pcs prices stimulate weak
Demand for PCs is weak and microprocessor prices are becoming more aggressive, ... To stimulate PC demand and improve Intel's long-term competitive position, we believe the company's Pentium 4 price cuts will become more aggressive.
accelerate demand drive earnings expect half increase mix normal pc positive price product quarter richer second sharp strong windows
We expect seasonally normal PC demand and a richer product mix to drive a positive first quarter earnings surprise. PC demand should accelerate in the second half of 2000, (driven by) a strong economy, Windows 2000 and a sharp increase in microprocessor price performance.
group line positive quarter quite sector solid
The quarter was quite solid and pretty much in line with our expectations. We think this is a positive for the whole group and we are quite positive on the sector for 2000.