Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: Raymond Thomas who started this subject	6/19/2002 12:10:28 PM
From: fingolfen	Read Replies (1) of 186894

SSB downgrades AMD: biz.yahoo.com NEW YORK, June 19 (Reuters) - Salomon Smith Barney on Wednesday said it lowered its investment rating on Advanced Micro Devices Inc. (NYSE:AMD - News) to "neutral" from "market perform," after the company warned of a "substantial" second quarter loss and said revenues would fall far short of expectations. Analyst Jon Joseph on Wednesday said the No. 2 chipmaker behind Intel Corp. (NasdaqNM:INTC - News) faces problems specific to it that go beyond general weakness in the PC market. Joseph said AMD was losing market share to Intel in Asia and said a lack of speed upgrades was causing pricing pressure. The stock closed Tuesday at $10.30 per share.

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