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Technology Stocks : AMD:News, Press Releases and Information Only!
AMD 217.91+0.9%Dec 5 9:30 AM EST
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To: Investor A who wrote (3991)1/22/1998 6:00:00 AM
From: Kashish King   of 6843
 
Investor Shirley:

"Intel is going to be serving the low end of the PC market; they're not just going to let that go," McClean said. "Intel has the capacity and production facilities to have different versions" of the Pentium II.

From a capital spending perspective, Advanced Micro Devices is dwarfed by Intel as Intel spends six times that of AMD, McClean said. This year, Intel will spend $5.3 billion on capital spending, up from $4.5 billion in 1997.

AMD, in comparison, reported 1997 revenues of $613.2 million and capital spending of $650 million for the year -- nowhere near the level of Intel. As a result, McClean said AMD will remain a "niche player" in the processor market, but not really competing against Intel.
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