David Powers Quotations

President Kennedy was the greatest man I ever met, and the best friend I ever had.

I'm just a newsboy who met a President.

If god created man in his own image, how come I'm not invisible?

Motorola finally has the wind behind their back, ... The semiconductor industry is in the early stages of a recovery. We're really seeing the profitability of Motorola start to improve. We think that will continue over the next two quarters and during the second half of the year as well.

From Intel's perspective, this is a new market they're trying to enter that has high margins. They need to be successful in order to offset the low-end market.

Keep in mind that it's only a six-month delay, so it's not catastrophic ... (But) right now there are a lot of clouds in the sky. There's speculation that their second quarter will be difficult. There's the problems in Asia and the sluggish Japanese economy. A lot of things don't bode well in the near term.

I think investors are really pleased with what they heard about the future guidance for the second half. We think that the second half will indeed turn out to be better for Intel. It's seasonally stronger for them. At the same time, they're doing an excellent job reducing their cost.

I think, first of all, the semiconductor sector had been oversold. This was one area, the technology market that just did not perform well over the past few months. There is a lot of concern with investors whether or not this current upturn in the semiconductor industry has peaked. There is a huge debate going on whether or not we still have any growth left. And, our view has also been that, yes, we believe this is more of a seasonal slowdown than any prolonged downturn for the industry. So we think there is some legs left in the semiconductor cycle. And as a result, we would be a buyer of some of these stocks.

My view is we continue to trade in a sideways pattern for the rest of the year.

Management gave no assurance as to when business is going to improve.

Microsoft had a big part in yesterday's Nasdaq decline, ... But I think the bigger picture is really that we saw a massive flight to quality, and that was illustrated by the performance of the Dow versus that of the Nasdaq. We saw money being shifted out of the more speculative names, and into the more established companies that have proven track records.

This was a case about how Intel used intellectual property from its customers. It makes for a tougher case to prove when the competition improves, and customer are better off.

When I started looking for a driver, I wanted someone who would be able to market himself and understand what the sponsors are looking for. But I also needed somebody who could win races. We found that in Rod.

We saw this as an opportunity to explore a passion we had and leverage some of the skills we had acquired at our day job. One day we were thinking about how we could teach people to play and become better ourselves.

We think that the second half will indeed turn out to be better for Intel, ... They're doing an excellent job reducing their cost. They're going to be introducing some new products toward the end of the year and then out to year 2000.

There's no real clear conviction in this market. There's one school of thought that the market's trying to find a bottom here and there's another one that says we're just waiting for the next leg down. I personally believe that we're going to trade sideways here for a while. I think there's really no catalyst either way to drive the market much higher in the near term or for that matter on the down side as well,

This is a revolutionary way to learn because you're not just reading, you're hearing people talk to you. It's theoretical poker reinforced by practical play. We teach a theory and go in and talk about strategy. You learn by example. That's the uniqueness or advantage we provide.

It's a negative for companies that will incorporate the product into their workstations and servers. New product cycles are the lifeblood of the technology industry.

It won't be easy, especially considering we have not attended all National events this season, but regardless our goal is set, the team is determined and we are going to give it all we have to finish in the Top 10. As everyone knows in this sport, anything is possible.

The last thing you want is a long, drawn-out war. It doesn't help your PR.

If you look at Motorola over the past couple of years, they've really spent the bulk of their time downsizing, ... But now . . . they really like to focus more on the growth aspect of the equation, and if you look at one of the fastest growing markets in technology, it's certainly broadband access.