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


To: cruzbay who wrote (194518)4/19/2006 7:33:48 PM
From: Jim McMannisRespond to of 275872
 
Is Intel up in AH? Why?

Intel profit falls as it loses market share
04/19/2006 16:22:44
SAN FRANCISCO (Reuters) - Intel Corp. <INTC.O> on Wednesday reported a lower quarterly profit as the world's top computer chip maker lost market share to rival Advanced Micro Devices Inc. <AMD.N>. First-quarter net income was $1.35 billion, or 23 cents per share, compared with $2.18 billion, or 35 cents per share, a year earlier, the Santa Clara, California-based company said.

Analysts on average were expecting earnings of 22 cents per share, according to Reuters Estimates. Revenue fell to $8.94 billion from $9.43 billion.

Intel, whose processors are found in about 90 percent of the world's personal computers, has been lowering prices to counter a growing challenge from smaller rival AMD. Sunnyvale, California-based AMD has taken market share from Intel thanks to power usage and performance advantages.

Intel shares have slumped 24 percent in the past 12 months while AMD stock has surged 80 percent. Intel trades at 19.6 times estimated 2006 earnings per share compared with a multiple of 20.2 for AMD.



To: cruzbay who wrote (194518)4/19/2006 7:34:52 PM
From: PetzRespond to of 275872
 
That's funny. It must have been paper clips he wrote down, so the amount was not "material." /Petz



To: cruzbay who wrote (194518)4/19/2006 7:42:54 PM
From: TGPTNDRRead Replies (2) | Respond to of 275872
 
CB, Re: Chief Financial Officer Andy Bryant said in an interview. He wouldn't put a value on the writedown."

In the Q&A he assigned a value of "Under $100M".

I think that was the toughest CC I've ever heard INTC face.

Going to be interesting next Q.

-tgp



To: cruzbay who wrote (194518)4/19/2006 7:46:30 PM
From: AK2004Respond to of 275872
 
cruzbay

I really do not know but it is getting more entertaining by a minute - and I own intel too <gggg>

-AK