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

To: Joe NYC who wrote (115139)	6/9/2000 5:48:00 AM
From: nixtox	Read Replies (2) \| Respond to of 1572472

Willamette benchmarks? The last line of the french paragraph: "We have to hope that Intel "slightly" improves the performance before its release." Something is wrong here. Willamette doesn't appear to be the scary thing described by some on this thread. Did the French make the whole thing up? Why would Intel put a system of such poor performance on display? Another thing: were the people at the booth aware that someone was running benchmarks on that machine? And if yes? Would they be trying to snow "us"?... Time will tell. Nick

To: Joe NYC who wrote (115139)	6/9/2000 8:50:00 AM
From: tejek	Read Replies (2) \| Respond to of 1572472

Joe and thread Excellent, excellent news!! Do I hear rally today?!! ____________________________________________________________ Wholesale Inflation Remains Unchanged Producer Prices Flat, Core Index Rises 0.2 Percent from Bloomberg News WASHINGTON (June 9) -- Prices paid to factories, farmers and other producers were unchanged in May as lower energy and food costs offset an increase in autos, government figures showed today. No change in May's producer price index followed a 0.3 percent decline in April, the Labor Department said. The less volatile core rate, which excludes food and energy, rose 0.2 percent after a 0.1 percent gain in April. The increase in the core PPI was the largest in three months. ``The red-hot economy has yet to push up prices in any meaningful way,'' said Chris Rupkey, senior financial economist at Bank of Tokyo-Mitsubishi Ltd. in New York, before the report. Inflation is ``not breaking out.'' Analysts had expected the May producer price index to rise 0.2 percent and the core rate to increase 0.1 percent. So far this year, the overall PPI is growing at a 4.3 percent annual rate, compared with a 2.2 percent pace for the same five months last year. The core PPI is growing at a 1.5 percent annual rate. For the same five months last year, the core was unchanged. The inflation statistics surface ahead of the Federal Reserve's policy meeting later this month. Fed policy-makers, who have raised the overnight bank lending rate six times in the past year to a nine-year high 6.5 percent, meet June 27-28 to consider whether another rate increase is needed. The implied yield on the July federal funds futures contract was 6.63 percent yesterday, signaling investors see the even odds of another Fed interest-rate hike later this month. Energy Costs Prices paid to producers of energy products fell 0.5 percent in May after a 4.1 percent decrease in April. The May decrease was led by a 12.1 percent decline in the cost of liquefied petroleum. That more than offset increases for gasoline, heating oil and natural gas. Crude oil futures for July delivery rose to a high of $30.51 a barrel in May, up 19.7 percent from the April 28 close of $25.48 a barrel. ``Oil prices are still up at $30 a barrel, so we're not seeing much relief from that, but as far as the other components go, we're not seeing the translation from the crude to the intermediate goods indices and from those into consumer prices,'' said Tim Rogers, an economist at Briefing.com in Boston. The price of passenger cars rose 0.9 percent in May, the largest increase since a 1 percent rise in September. Prices rose for cosmetics, women's clothing and health products. The decrease in finished food prices was led by eggs, chicken and fish. Prices of prescription drugs, appliances, tires and children's clothing fell. Computer prices fell 0.8 percent after falling 2.4 percent in April. Intermediate goods prices decreased 0.1 percent last month after falling 0.1 percent in April. Intermediate goods prices excluding food and energy rose 0.1 percent after a 0.4 percent increase in April. Raw Materials Crude goods prices increased 3.2 percent in May after falling 2.5 percent. Crude goods prices excluding food and energy dropped 0.3 percent after decreasing 1.2 percent in April. Prices for some partially finished products are falling. The cost of paper used in copy machines fell 6.5 percent in May to $860 a ton from a month earlier, according to industry newsletter Pulp & Paper Week. Lumber prices have also been declining after North American mills produced more plywood and planks than the U.S. construction market could absorb. Lumber futures for July delivery fell last month to a low of $276.90 per thousand board feet, the lowest price since November 1998. Still, Federal Reserve Bank of Atlanta President Jack Guynn cautioned Monday that ``while inflation has not taken root in the economy, the price increases we're witnessing in some sectors are an indicator that inflationary pressures are emerging.'' Chemical makers such as Rohm & Haas Co. and Air Products and Chemicals Inc. have announced plans to raise prices because of higher raw materials costs, especially crude oil. Micron Technology Inc., the biggest U.S. maker of computer memory chips, boosted chip prices as supply dwindles in the face of rising demand. Contract prices for the chips rose to $6.10 this month from $5 at the end of February. Those increases could find their way to the consumer level, something that concerns Fed policy-makers. Jun/09/2000 8:30 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.