Mary,
Borrowed from the AMD thread:
Wednesday, September 13, 2000
BofA downgrades INTC, AMD
--9:54 am - By Tomi Kilgore
Shares of Intel (INTC: news, msgs) are sliding $2.19 to $62.75 and Advanced Micro Devices (AMD: news, msgs) is giving up $1.13 to $29.38. Banc of America analyst Rick Whittington downgraded both chip makers to "market perform" ratings from "strong buys," citing supply issues. Nevertheless, the Phlx Semiconductor Index ($SOX: news, msgs) is gaining 1.1 percent, boosted by Rambus's (RMBS:
news, msgs) 9.4 percent surge to 84 (see 9:24 item).
I sure would like to see the details of this downgrade. All the recent reports have suggested that Intel's production of P3's has been good, and I haven't heard anything about microprocessor supply constraints for a while.
There is more contrary information around right now than I ever remember.
John |
