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

To: Dan3 who wrote (137107)	6/10/2001 9:21:58 PM
From: Dave	Read Replies (2) \| Respond to of 186894

DAn, dan, dan Are you conceding what I stated before? As to your cost structure. AMD reports "pro forma", you know what that means? Eliminate for costs, Intels 585M cost for amortization and 75M for purchased R&D and now you have a better "pro forma" estimate for intel. Next, you are looking at overal revenue figures. Take a look at the Asset side of the B/S. Do you really think AMD can compete in a price war with Intel? If so, you are going to watch taht TIE ratio go down hard. Even AMD's BoD won't be able to save them. Dan keep on thinking what you want. You know that AMD wants Intel to be strong. If Intel isn't doing well, AMD will be doing worse. Simply put, AMD's capital structure cannot "take" a significant downturn in the economy. By the way, you never comments on Intel v. AMD's Cash to Debt ratio? Remember, unlike what you were stating previously, Intel can pay all its debt in Cash. On the other hand, AMD has approximately 50 cents on the dollar to pay its debt. If on takes a look at that, AMD investors should be worried if we go into a significant downturn. If so, OCF (Operating Cash Flows) of both companies will crater, but it will affect AMD worse than Intel since AMD is more leveraged.

To: Dan3 who wrote (137107)	6/11/2001 11:50:18 AM
From: fingolfen	Respond to of 186894

And for all that new capex, Intel gains only a basic copper/.13 process, a shrink of what AMD has had for 1 1/2 years. AMD is putting in place a more advanced SOI/copper/.13 process. Is SOI necessary to get the full benefit of .13 on copper? AMD sure seems convinced, and at this point, they have more experience with volume production on copper than anyone else on the planet. If SOI doesn't do much, they can fall back to plain wafers for .13 and still have roughly the same process as Intel's. Dan, Are you still playing that broken record? AMD's transistor performance on 0.18 micron with transistors shrunk to the 0.13 micron node barely keeps up with Intel's 0.18 micron process. AMD better get some bang out of SOI, or they're going to be toast.