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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 207.60-1.5%3:59 PM EST

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To: Mani1 who started this subject9/21/2000 11:54:46 PM
From: fp_scientist of 275872
 
Register takes (another) shot at Intel:

Intel blames Europe for lower profits
By: Mike Magee
Posted: 22/09/2000 at 01:34 GMT

Intel issued a profits warning last night on Wall Street warning that its
Q3 would not be as buoyant as it expected.

And it's all Europe's fault, reports local newspaper The Wall Street
Journal.

Apparently, Europeans haven't been buying as many Intel products
as previously, but blaming us because it can't supply enough of its
components is a bit rich, coming from Chipzilla.

We haven't kept our end of the bargain, it told analysts late
yesterday, causing its share price in the US to go through a rocky
patch.

However, if Intel had been able to supply the pent up demand it
promised, perhaps European distributors wouldn't have moved en
masse to the imitator chip companies.

So it's not really our fault, is it, Intel? Its share price closed at $61.5
when the bell rang for the day. ®

theregister.co.uk
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