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Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: Road Walker who wrote (144738)	10/5/2001 10:19:23 AM
From: Elmer	Read Replies (1) of 186894

"Our ability to maintain PC processor unit volumes under current market conditions is a strong testament to the architectural superiority of AMD Athlon(TM) and Duron(TM) processors," said W.J. Sanders III, chairman and chief executive officer. "With unit sales of our seventh-generation processors at record levels in an extremely difficult PC market, we believe we either held or gained market share. In an effort to make up for the performance deficiencies of computers based on its Pentium(R) 4 processors, Intel resorted to aggressive pricing and large, cash-backed marketing programs, which had the effect of driving down ASPs on PC processors in the market segments where we compete directly," Sanders concluded. I saw a report early this week saying that AMD, in an effort to meet lowered expectations, had stuffed the channel to the tune of "millions of processors" at the end of Q3. EP

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