Intel shares fall on outlook, AMD rises
12/09/2005 10:04:48
NEW YORK (Reuters) - Shares of Intel Corp. <INTC.O> fell on Friday after the chipmaker gave a weak outlook for the current quarter, and shares in its main rival, Advanced Micro Devices Inc. <AMD.N>, rose. Intel shares fell nearly 1 percent to $25.48 in heavy Nasdaq trade, while AMD shares rose 80 cents, or more than 3 percent, to $26.45.
Analysts said Intel may be under pressure from inroads by AMD, as well as facing supply issues that Intel says have hampered sales.
"I do think AMD is picking up share versus Intel," said Soleil Securities analyst Paul Leming. "Intel recognizes that's going on, they don't deny it."
Intel's outlook, and a weak forecast for capital expenditures, pressured some other big technology names. Semiconductor equipment maker Applied Materials Inc. <AMAT.O> was off 12 cents to $18.61.
Shares in Dell Inc. <DELL.O>, the world's No. 1 personal computer maker, rose 7 cents to $31.72. Shares of Apple Computer Inc. <AAPL.O>, which currently does not use Intel chips in its Mac computers, were off 21 cents to $73.87. |
