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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (8194)	10/16/2000 2:48:43 PM
From: stomper	Respond to of 65232

Isn't ELON cute...hehehe...eom. -dave

To: Voltaire who wrote (8194)	10/16/2000 3:00:42 PM
From: Dealer	Read Replies (2) \| Respond to of 65232

INTC--Intel Shares Fall Nearly 10 Percent NEW YORK (Reuters) - Shares in chip giant Intel Corp. (NasdaqNM:INTC - news) fell nearly 10 percent in heavy trade Monday after two top analysts said they were concerned about a pricing war between Intel and rival chipmaker Advanced Micro Devices Inc. (NYSE:AMD - news). Intel shares were off $3-15/16 to $36-7/16 on the Nasdaq stock market, where it was the most heavily traded issue. Intel shares have been trading at less than half their 12-month high of $75, reached in September before the company warned that its third-quarter sales would fall below forecasts. The company is expected to report third-quarter results on Tuesday. ``The microprocessor market remains weak, with Intel accelerating by two weeks price cuts of low-end Pentium IIIs,'' Salomon Smith Barney analyst Jonathan Joseph wrote in a note to clients. ``Meanwhile, AMD Athlon prices have fallen sharply in the past week.'' Credit Suisse First Boston analyst Charlie Glavin also cited pricing in a note detailing his concerns ahead of Intel's earnings report. Glavin wrote in a note to clients, ``Going into Intel's third-quarter earnings report, we are becoming more cautious about how Intel is going to address some lingering issues. Part of our concern is that we believe AMD has already engaged in a price war.'' He added, ``We still believe Intel has the end-market potential and manufacturing leverage to take back its own destiny, but we would actually be more bullish if Intel were to address its issues head-on during its earnings conference call.''