AMD Loose Lips issue a Correction on "Market Share".
I think Sanders-foot-in-mouth-disease is spreading to the AMD underlings.
"An AMD spokesman in Austin, Texas, said that the company has, in light of flagging demand for personal computers, scaled back expectations from an earlier stated goal of 30 percent market share, to having the capacity in place to produce 30 percent of the world's microprocessors by the end of the year."
biz.yahoo.com
Tuesday June 12, 2:36 pm Eastern Time
AMD sees capacity in place for 30 pct market share
(UPDATE: New first paragraph clarifying that capacity in place for 30 pct market share, previous KUALA LUMPUR)
SAN FRANCISCO, June 12 (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - news), the world's largest microprocessor maker after Intel Corp. (NasdaqNM:INTC - news), is on track to achieve its stated goal of having the chip-making capacity in place to garner 30 percent global processor market share by year-end, a company official said on Tuesday.
An AMD spokesman in Austin, Texas, said that the company has, in light of flagging demand for personal computers, scaled back expectations from an earlier stated goal of 30 percent market share, to having the capacity in place to produce 30 percent of the world's microprocessors by the end of the year.
He was correcting a statement made earlier on Tuesday by an official at a Singapore-based subsidiary, who said the company was in line to reach a 30 percent market share by year-end.
Wee Yep Yin, a marketing manager at AMD Far East Ltd. in Singapore, had said that recent launches of products for the mobile computer and workstation and server markets and hopes of a ``modest'' revenue growth would help AMD meet the 30 percent market share target.
Wee was speaking at the Malaysian launch of its first processor designed for servers and workstations.
Wee said revenue could grow modestly despite expectations of an industry-wide decline of up to 15 percent.
``We are expecting a modest revenue growth in 2001,'' Wee said, without elaborating.
Sunnyvale, Calif.-based AMD battled head-to-head with Intel to secure a 21 percent market share in the first three months of this year, up from 17 percent last year.
Sales rose nine percent to US$1.19 billion for the first three months from a year earlier and in the same period posted higher-than-expected net of $124.8 million compared with $189.3 million previously.
Last week, AMD unveiled two fast processors in its Athlon series that it hopes will give it a foothold in the lucrative computer-server market.
AMD said its new Athlon MP, which works in pairs and can run as fast as 1.2 gigahertz, targets entry-level servers, or computers that serve up web pages and databases for small-to-medium firms, as well as powerful workstations used for animation or computer-aided design.
The Athlon MP is AMD's second new microprocessor chip in a month following the power-saving Athlon 4 processor, designed for notebook computers, which was unveiled on May 15.
The Athlon MPs are priced at US$265 for the 1.2 gigahertz version and US$215 for the one gigahertz version, AMD said in a statement. |
