Given the very robust environment of demand and Intel's new product lineup, we had surmised that there might have been upside. As it turned out, there was indeed more demand in the first quarter, but Intel could not meet it.
Personal-computer unit demand should grow at least 18 to 19 percent in 1997 versus 1996, and Intel is truly a pure play on that.
In our view, investors are wondering if Intel has taken its eye off the ball. The number of mistakes that the company has made in the recent months is truly alarming.
It's important for Intel in the sense that it should accelerate their overall revenue and earnings growth. It's important for the semiconductor industry because its introduction is likely to spur additional PC demand.