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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (38145)	10/11/2000 5:37:54 PM
From: Mark Duper	Read Replies (1) \| Respond to of 70976

17:32 [AMD] AMD SEES Q4 SALES OF PC PROCESSORS BETWEEN 8 MLN TO 9 MLN 17:31 [AMD] AMD SEES FULL-YEAR PC PROCESSOR SALES TO TOP EARLIER ESTIMATES OF 25 MLN 17:31 [AMD] AMD SEES FULL-YEAR PC PROCESSOR SALES TO TOP EARLIER ESTIMATES OF 25 MLN 17:28 [AMD] AMD SEES ANNUAL SALES OF 'APPROXIMATELY' $4.8 BLN VS. $2.9 BLN IN 1999 17:27 [AMD] AMD EXPECTS Q4 ATHLON CHIP PRODUCTION TO SELL OUT 17:26 [AMD] AMD Q3 BOOK-TO-BILL RATIO GREATER THAN 1:1 17:25 [AMD] AMD Q3 REVENUE $1.21 BLN VS. $662.2 MLN 17:25 [AMD] AMD Q3 EARNS 64 CENTS VS. LOSS 36 CENTS YR. AGO QTR 17:25 [AMD] AMD SAYS FLASH MEMORY PRODUCT DEMAND EXCEEDS SUPPLY 17:23 [AMD] AMD Q3 FIRST CALL CONSENSUS EARNINGS ESTIMATE 62 CENTS A SHARE 17:22 [AMD] AMD Q3 OPERATING EARNS 64 CENTS A SHARE

To: Fred Levine who wrote (38145)	10/11/2000 6:16:19 PM
From: Proud_Infidel	Respond to of 70976

IBM Shares Dip on Rumor of Chip Supply Problem NEW YORK (Reuters) - Shares of International Business Machines Corp. (NYSE:IBM - news) fell about 6 percent in morning trade on Wednesday amid a rumor that the world's largest computer maker was having trouble supplying a major customer with computer chips. During the morning, IBM shares touched a low of $107-1/2, a level not seen since mid-July, before recouping to $111-1/2, off $3-5/16, at midday on the New York Stock Exchange (news - web sites). One trader, who asked not to be named, cited a rumor that IBM was having problems supplying chips to Cisco Systems Inc. (NasdaqNM:CSCO - news), the world's largest maker of computer networking equipment. Salomon Smith Barney analyst John Jones said chip shortages were plaguing IBM as well as graphics chip maker Silicon Graphics Inc. (NYSE:SGI - news) and Cisco. ``Cisco's demand for parts has gone up two to three times what they were forecasting in the beginning of this year,'' Jones said. ``That's the scuttlebutt we hear in the (Silicon) Valley.'' IBM spokesman John Bukavinsky said, ``It's no secret there's a shortage of the ceramic packaging (for chips). But as far as a specific customer goes, we would never discuss a specific relationship.'' Cisco was not immediately available to comment. Silicon Graphics spokeswoman Larissa DeCarlo said the company disclosed in a conference call on Monday that it was having trouble meeting demand for chips, citing ceramic packaging. Wit SoundView analyst Gary Helmig said IBM's chip-making operations are running at 110 percent capacity. ``They can't take on new contracts or other than the ones on the books,'' he said. Analysts said only 4 percent of IBM's revenues come from sales of chips to other technology companies. ``The outside chip sales are not a big piece of IBM's business,'' said Buckingham Research Group analyst Jay Stevens. ''Cisco is a customer of IBM, but I have no confirmation of that rumor.'' He added, ``But it doesn't make sense to me that this would be a major problem for IBM. In this kind of market, the concept is sell first and evaluate the information later.'' Sanford C. Bernstein analyst Toni Sacconaghi, commenting on the decline in IBM shares, said the stock may finally be succumbing to negative investor sentiment about the tech sector. ``While some of the names in the hardware sector have been getting beaten down, IBM wasn't,'' said Sacconaghi. ``Some of this could be catch-up and some of it could be the rumor du jour.'' IBM's inability to meet demand for its chips is widely known. IBM said on Tuesday it would invest $5 billion to expand its chipmaking operations, saying it was chasing ever-increasing demand. dailynews.yahoo.com