Charlie Glavin Quotations

It appears AMD has engaged in a price war, where it is essentially bidding against itself.

We knew there were some constraints but not to the degree that it ended up manifesting itself in terms of revenues.

Channel checks reveal PC pricing pressures continue to ratchet up, with no indications of easing until mid-2001, ... We also believe that notebook demand, one of Intel's strongest drivers, has slowed, leaving Intel with less cushion relative to its overall exposure to the PC industry.

That would be an old dog learning new tricks. This is not a company or a management team that has been willing to admit they are making mistakes.

What's curious on this is that TI does not really need the cash right now to sell off the entire business.

Though painful, Intel has completed a difficult 1999 transition year, and is now poised to demonstrate both its technology and manufacturing prowess - traits that enabled Intel's stock to double in prior cycles.

Margins and revenue were better than feared. Inventories did go up as we expected but they basically are not far off from where they were last year.

Our October downgrade was based on concerns that are manifesting themselves now, although current conditions are actually worse than we feared,

Going into Intel's third-quarter earnings report, we are becoming more cautious about how Intel is going to address some lingering issues.

We were previously looking for revenue of $16.1 million and earnings per share of one cent. Weak demand for PCs and flat-panel displays were cited as the culprits.