Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan3 who wrote (140915)	8/6/2001 7:46:41 AM
From: Road Walker	Read Replies (2) \| Respond to of 186894

Intel, AMD edge lower in pre-open Chip price war to heat up, analyst says By Emily Church, CBS.MarketWatch.com Last Update: 7:13 AM ET Aug. 6, 2001 LONDON (CBS.MW) - Shares of Intel Corp. and Advanced Micro Devices were seeing selling pressure in pre-open trading on Monday as one analyst raised the alarm about price cuts in the chip industry. Intel seen on war path Shares of Intel Corp. (INTC: news, chart, profile) were down 20 cents from the New York close at $31.48 in Germany. Shares were offered lower on Instinet. Shares of AMD (AMD: news, chart, profile) were down 10 cents to $19.15, according to market makers at Madoff Securities. Lehman Brothers told clients overnight that Intel is planning to drop a "price bomb" on Aug. 26 in an effort to take back market share from rival AMD. The leading chipmaker is planning to cut prices by 50 percent on high-end PIVs and will try to move the processor market above AMD's highest megahertz offering, analyst Daniel Niles said. He expects the price for the high-end PIV 1.8 GHz to drop to $260 from $562, and that the low end will be cut as well. "For those who thought the price war was already aggressive, you haven't seen anything yet," Niles said. AMD has increased its share against Intel from 13 percent to 21 percent over the past two years, Lehman said.