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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 221.42

-0.1%

Dec 10 3:59 PM EST

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From: cruzbay	4/27/2006 8:46:21 PM
	Read Replies (4) of 275872

"Hit hard by the PC slowdown and stiff competition, Intel Corp. on Thursday (April 27) said that it plans to restructure the company. Paul Otellini, chief executive of Intel (Santa Clara, Calif.), told analysts he plans an overhaul that will impact "every part" of the company. “In terms of non-performing businesses, anything with a bracket will be looked at,” he said, referring to the company’s loss-ridden units. Intel's core processor business is making money, but its NOR flash unit could be in big trouble. For several quarters, Intel has been losing money in its NOR flash unit. In Q1, the company lost $108 million in the segment; it is investing more in the NAND sector." Looks like NOR flash is poised for an exit, benefiting Spansion (and, indirectly, AMD). From EETimes: eetimes.com

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