Details

Titel

The Wall Street Transcript Publishes Outlook for Computer Hardware Report in Robertson Stephens Tech 2000 Conference Issue

Ist Teil von

• PR Newswire, 2000, p.1

Ort / Verlag

New York: PR Newswire Association LLC

Erscheinungsjahr

2000

Link zum Volltext

Beschreibungen/Notizen

• Summarizing the sector, [Daniel] Niles states "We spent most of the back half of last year being pretty negative on the space. We downgraded a lot of these stocks in the second quarter as well. Our feeling was that demand in the first half of the year was artificially inflated by companies buying a lot of product ahead of time to prepare themselves for the millennium change and any potential computer hardware glitches associated with that." He adds that "over the last couple of weeks, we upgraded Intel (Nasdaq: INTC) -- before the quarter, Dell (Nasdaq: DELL) -- after their preannouncement, and IBM (NYSE: IBM) -- after their Q4 results. I feel like these stocks, which drastically underperformed the Nasdaq in the back half of 1999, would be the same stocks that would outperform the Nasdaq in 2000 and lead that sector higher." "I'm a private investor in Transmeta," Niles says proudly, "so I obviously think that there's a market for the company, and I think they'll do well, but there's a lot of room in the market for many players. A lot of different players can do well. Xilinx (Nasdaq: XLNX) and Altera (Nasdaq: ALTR) are great examples of that. Obviously, Dell, Compaq, and IBM are all very good companies. So there's more than enough room in the market for AMD (NYSE: AMD) and Intel, and Transmeta as well. And they all have slightly different markets."