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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 210.78-4.8%Dec 12 9:30 AM EST

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To: niceguy767 who wrote (9988)9/22/2000 10:42:34 PM
From: Maverick of 275872
 
First International Says AMD Processors Gain at Intel's Expense
By Alan Patterson

Taipei, Sept. 22 (Bloomberg) -- First International Computer Inc., one of Taiwan's top three computer makers, said it increased purchases of processors from Advanced Micro Devices Inc. because its main supplier, Intel Corp., can't keep up with demand.

Intel has acknowledged problems meeting customer orders. AMD opened a new factory in Dresden, Germany and expanded production at a plant in Austin, Texas, to increase market share.

``AMD now represents about 30 to 35 percent of our production,'' said sales department director Ralph Liu said, higher than before. ``It looks like AMD's share may be increasing in the future.''

Intel on Thursday said sales in Europe may fall short of expectations this year. The company's shares tumbled as much as 30 percent in overnight trading.

FIC's sales in Europe are currently about 10 percent lower than expectations, Liu said.

``Usually sales start to pick up dramatically in August, but that hasn't happened this year,'' he said.

``There has been weakness in the Euro. People may be holding on to their money in anticipation that the Euro will rise,'' he said.

Overall, FIC's global sales are growing by about 30 percent over last year, Liu said.
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