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

To: Goutam who wrote (102604)	4/6/2000 2:50:00 PM
From: James Lee Baldwin	Read Replies (4) \| Respond to of 1574758

Dell executive denies AMD chip-pact talk Reuters Company News - April 06, 2000 13:21 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expresslyprohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. NEW YORK, April 6 (Reuters) - A top Dell Computer Corp. executive on Thursday denied Wall Street speculation that the personal computer maker was in talks to cement a major microprocessor supply deal with Advanced Micro Devices Inc. . "That's not true," Dell Vice Chairman Kevin Rollins told Reuters during Dell's annual meeting with Wall Street analysts. Rollins was responding to speculation by a Wall Street analyst that Dell was "in serious supply discussions" with AMD, a distant No. 2 to Intel Corp. in the market to supply semiconductors to makers of personal computers. Dell, the world's No. 2 personal computer maker, is Intel's top customer, and it is the only major computer maker not to use AMD processors in its machines. Salomon Smith Barney analyst Jonathan Joseph said in a research note Thursday that Dell was moving forward with developing a consumer-oriented system based on AMD's new Athlon high-speed chip, perhaps as soon as May or June. But Rollins said the speculation was not true. "There's no change in direction," Rollins said. "We meet with AMD every month. We've been pretty consistent over five years telling analysts the same thing. This comes up at every meeting, but there is no news, no announcement." AMD shares, delayed at the start of trading Thursday on the New York Stock Exchange because of an imbalance of orders, were 3-7/16 higher at 71-7/16. Earlier the stock had traded as high as 74 -- a new all-time high. Dell shares were also higher on Nasdaq, trading up 41/64 at 54-9/16. Intel shares were down 1-5/8 at 128-1/4.