Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 216.65

+0.7%

1:38 PM EST

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To: Joe NYC who wrote (201681)	6/12/2006 1:15:22 PM
From: Joe NYC	of 275872

Analyst Calls Intel Shares 'Dead Money' Kate DuBose Tomassi, 06.12.06, 10:03 AM ET With the personal computer market for June looking "increasingly bleak" for Intel, RBC Capital Markets recommended investors use rallies to sell shares of the chip maker. Intel's June quarter is tracking at the low end of guidance, and may miss earnings, according to RBC analyst Apjit Walia in a report Monday. The market for PCs is "in the doldrums" and getting "progressively worse," he said. In addition, Intel's current price war with Advanced Micro Devices (nyse: AMD - news - people ) is allowing Intel to take back some unit share but not revenue share, he said. He added that AMD is "also suffering from the bleak end demand environment." Walia recommended investors sell Intel stock, saying that "there seems very little chance of Intel's gross margins bottoming before end of the September 2006 quarter." He also characterized the stock as "dead money." RBC rates Intel (nasdaq: INTC - news - people ) "sector perform" with a $21 target price. finance.yahoo.com

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