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Technology Stocks : Intel Corporation (INTC)

INTC 40.51

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To: Diamond Jim who wrote (54783)	4/29/1998 6:21:00 PM
From: Diamond Jim	of 186894

fnews.yahoo.com AMD has invested heavily to produce clones of Intel's (Nasdaq:INTC - news) microprocessors, the brains of most personal computers. Recently, a Standard and Poor's report indicated that AMD has had negative cash flow of $700 million over the last four years, but it still plans to spend about $900 million this year on new facilities. That report also downgraded the company's debt to single B from double B minus, well into "junk" status. Despite such huge investments, AMD has thus far failed to gain a meaningful share of the central processing unit (CPU) market, due partially to production problems that have left it with relatively weak sales and a $21 million loss in 1997 after a $69 million loss in 1996.

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