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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Pravin Kamdar who wrote (30874)	3/8/2001 7:07:20 PM
From: Joe NYC	Read Replies (1) \| Respond to of 275872

Pravin, Didn't our friend from Piper Jaffrey have a buy on Intel, but said wait until it falls to $26. He may finally get the price. Joe

To: Pravin Kamdar who wrote (30874)	3/8/2001 7:53:16 PM
From: survivin	Read Replies (1) \| Respond to of 275872

Pravin, This CNET article includes an interesting quote from kumar Intel to cut 5,000 jobs, warns on revenue By Michael Kanellos and Ian Fried Staff Writers, CNET News.com March 8, 2001, 3:45 p.m. PT cnet.com ... "There is no demand out there. There is massive inventory and demand has completely collapsed," said Ashok Kumar, an analyst at US Bancorp Piper Jaffray. He estimated Intel will experience a 20-percent decline in processor shipments this quarter over last quarter and a 3- to 5-percent decline in average selling price. Because of overall economic factors, a recovery for the tech industry later this year is unlikely, Kumar said. "A recovery in the second half is a pipe dream," he said. "The question is second half of what year." Kumar added that Intel's decline cannot be attributed to gains by rival Advanced Micro Devices. AMD largely participates in the consumer market and issued its own forecast for flat earnings in January. [I'd be quite happy with 52¢! If he meant revs, big difference between -25% and flat wouldn't you agree] (Sean)Maloney said Intel has not lost market share in desktop PCs. "Our market share and our average selling prices on desktops don't appear to have moved very much at all," he said. "What has happened is that with the drop in server demand, our blended average selling price has declined." ...