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Technology Stocks : Intel Corporation (INTC)

INTC 35.98

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12:16 PM EST

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To: GVTucker who wrote (122152)	12/11/2000 6:20:27 PM
From: Road Walker	Read Replies (1) of 186894

I thought the PC slowdown was limited to Intel. And AMD sales, because of their superior products, were not effected. Oh well: AMD warns Q4 sales, earnings will fall short SUNNYVALE, Calif., Dec. 11 (Reuters) - Computer chip maker Advanced Micro Devices Inc. (NYSE:AMD - news) warned Monday its fourth quarter sales and earnings will fall short of expectations due to slow consumer demand for personal computers in the United States. AMD said its fourth-quarter sales will be flat to nominally higher than the prior quarter's $1.2 billion. The company also said it now anticipates fourth-quarter net income in the range of 50-60 cents a share, depending on the relative strength of PC processor sales in the closing weeks of the quarter. Wall Street analysts on average had expected the company to post a profit of 68 cents a share, according to First Call/Thomson Financial. AMD cited weak demand for consumer PCs in the United States retail market and projected its unit shipments of AMD PC processors will be only nominally higher than the record 6.8 million units shipped in the third quarter. AMD previously said it expected total fourth-quarter sales to grow sequentially in the high-single-digit-range, with unit shipments of PC processors between 8 million and 9 million units.

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