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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.03

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Dec 9 4:00 PM EST

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To: Johnny Canuck who wrote (43383)	6/6/2006 3:52:36 AM
From: Johnny Canuck	of 68849

Intel reportedly eyeing communication chip sale By Reuters news.com.com Story last modified Mon Jun 05 20:57:42 PDT 2006 Intel is looking to sell parts of its communications chip business, according to published reports. The sale plan includes chips used to run software on cell phones and chips for network devices, according a report in the Wall Street Journal, which cited unidentified people familiar with the matter. The story, which follows a similar report in the San Jose Mercury News on Saturday, also said that Intel recently approached potential buyers such as electronics companies and financial-service companies that could lead a buyout. In other news: Crunch time for wireless? Photos: Putting lasers to work Revelations of the 'seeing machine' News.com Extra: Hard-drive disposal a matter of trust Video: Microsoft's zippy mapping tool The chipmaker said in late April that it would conduct a top-to-bottom review of the company with an aim to cutting costs in face of intense competition from rival Advanced Micro Devices. Spokesman Chuck Mulloy declined comment on the report but said Intel would announce results of its review in July. "We're looking at the business from top to bottom...We have not made any decisions," said Mulloy. Since the review was announced in April, analysts and industry media reports have speculated that Intel could get out of certain businesses such as memory products. [Harry: It makes sense considering how competitive it is and how fast products become commodities. Companies like BRCM just do a better job of pursuing their niche market as their focus is their not on microprocessors.]

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