DELL what ...
From RKGB on our german WO Forum - I think its Deutsche Bank
Research - I will try to get the pdf ...
" ADVANCED MICRO DEVICES (AMD: $15.29) AMD IS FINALLY IN DELL
RATING: CONTINUED NET POSITIVE
Based on our channel checks, AMD has finally been able to penetrate Dell and we view this as a key milestone for
the company in the long battle vis-à-vis Intel. We continue to rate the shares of AMD as Net Positive.
HIGHLIGHTS
• Dell to use AMD’s Opteron processors. Based on our channel checks, AMD has finally been able to penetrate
Dell with its Opteron processors targeting the server market. While Dell has always been an Intel exclusive OEM,
our checks indicate that Dell is currently designing two dual-processor servers based on AMD’s Opteron
processors. This would be the first time that AMD has been able to get in any of Dell’s systems and could open
the door for AMD to expand its processor line-up into future Dell desktop PCs and notebooks, in our view.
Positive Factor
• The newly formed relationship with Sun should elevate AMD in the enterprise market. Our checks further
reveal that Sun is expected to launch several new servers based on AMD’s Opteron processors by 4Q:04.
Additionally, Sun is slated to port its 64-bit Unix software onto AMD’s Opteron architecture, which should elevate
AMD in the enterprise market against Intel, in our view. Sun’s 64-bit Unix software is widely used in the worldwide
enterprise server market, which is forecast to grow more than 3% compounded annually from $50 billion in C:03
to $58.5 billion in C:08. We believe that the ability for AMD to run Sun’s software could open up many more
opportunities for the company in the coming quarters given the size of the enterprise server market and AMD’s
limited market share in the enterprise space. "
BUGGI
