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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (113229)	10/12/2000 1:31:27 AM
From: AK2004	Respond to of 186894

Paul re:And just why would $900mil/q would imply a pool of ~$80 Billion. ? just the price for the immediate annuity :-)). BTW I was kind with increasing payouts or otherwise that would take care of intels market cap and more. Really simple :-)) BTW below is more reactions from institutional investors Regards -Dash Albert Advanced Micro Has 3rd-Qtr Profit as Sales Rise 82% (Update1) 10/11/0 17:58 (New York) Advanced Micro Has 3rd-Qtr Profit as Sales Rise 82% (Update1) (Adds forecast starting in third paragraph.) Sunnyvale, California, Oct. 11 (Bloomberg) -- Advanced Micro Devices Inc., Intel Corp.'s main rival in the market for microprocessors, posted a third-quarter profit as personal- computer and cell-phone makers snapped up the company's chips. Profit from operations was $219.3 million, or 64 cents a share, compared with a loss of $105.5 million, or a split-adjusted 36 cents, a year ago. Sales jumped 82 percent to $1.21 billion from $662.2 million. Advanced Micro has built technical prowess by beating Intel with faster chips and added sales as Intel couldn't build enough processors to meet demand. The company is also selling more flash memory used in gear such as cell phones to store data when machines are turned off. Advanced Micro said it will exceed processor-sales targets for this year and that demand for flash will continue to outstrip supply for the foreseeable future. ``AMD has a couple things going for it: They're taking share in the semiconductor space, and flash is a good place to be right now,'' said Louis Kokernak, senior equity strategist at Martin Capital Advisors, which owns 27,000 Advanced Micro shares. The Sunnyvale, California-based company was expected to earn 62 cents a share, the average estimate of analysts surveyed by First Call/Thomson Financial. Unofficial forecasts published on the Internet reached 68 cents. Advanced Micro shares fell 50 cents to 21.75 on the New York Stock Exchange before the report. They rose as high as 23.50 after the earnings release. The stock has added 50 percent this year. Orders Reach Record Advanced Micro said new orders in the period hit a record and that it expects to sell out of its Athlon processors in the fourth quarter. It projects total processor sales of 8 million to 9 million in the quarter. For the full year, the company now expects to ship 28 million PC chips, compared with earlier forecasts of 25 million. Last year, Advanced Micro shipped 18.8 million units. Total sales will climb to about $4.8 billion from $2.9 billion in 1999. Including a gain for selling a business and charges for retiring debt, net income in the recent quarter was $408.6 million, or $1.18 a share.