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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 217.59+1.1%Dec 3 3:59 PM EST

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To: Mani1 who started this subject11/27/2000 6:35:48 PM
From: andreas_wonischRead Replies (5) of 275872
 
"Pure Speculation" -- AMD denies rumors

quote.bloomberg.com

`Pure Speculation'

AMD spokesman John Greenagel said Rothdeutsch's report of accelerated price cuts was ``pure speculation.''

``We have a regular plan where we reduce prices on new products to stay competitive,'' Greenagel said. Sunnyvale, California-based AMD will have shipped a record 28 million PC processors by the end of the year and the market is healthy, he said.

``The market continues to grow and we're looking for high- teen growth next year,'' Greenagel said. ``It is a competitive environment, but on the other hand, it's a decent business.''

AMD's chips are incorporated into chipsets manufactured by Taiwan's Via Technologies Inc., the world's No. 2 chipset company, Greenagel said. There's been no slowdown in demand, he said.

``Via is having the best quarter they ever had,'' Greenagel said.


Andreas
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