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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (101892)	4/4/2000 11:45:00 AM
From: steve harris	Read Replies (1) \| Respond to of 1570320

Thread, more on the BA upgrade biz.yahoo.com Tuesday April 4, 11:33 am Eastern Time RESEARCH ALERT-Banc of America sees chip prices rising NEW YORK, April 4 (Reuters) - Banc of America Securities on Tuesday said it expects semiconductor chip pricing to rise in 2000, raising the chances that companies such Advanced Micro Devices Inc. (NYSE:AMD - news) and Intel Corp. (NasdaqNM:INTC - news) will post higher-than-expected earnings. -- Analyst Rick Whittington said in a research report, ``buy the group,' referring to PC chip makers. -- also said Microsoft's legal travails will not have a significant effect on the accelerating fundamentals for chip makers). -- expects main beneficiaries to be AMD and Intel, which he rates as ``strong buys,' due to impressive revenue, margin and earnings growth. -- said ASPs (average selling prices) for AMD and Intel chips are increasing while their manufacturing costs have declined from independent initiatives. -- sees continued strength in PCs and related peripherals in the first quarter and second quarter. -- In midday trading, shares of AMD were up 1-11/16 on the New York Stock Exchange, while INTC was up 7/8 at 131-1/2 on the Nasdaq exchange.