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Technology Stocks : AMD:News, Press Releases and Information Only! -- Ignore unavailable to you. Want to Upgrade?

To: emil who wrote (3182)	12/26/1997 9:33:00 AM
From: Dave Parr	Read Replies (2) \| Respond to of 6843

News - INTEL/AMD .25 transition & price cuts WE BELIEVE THE PRICE CUT LARGELY REFLECTS THE FACT THAT AMD-$17 15/16-1 IN THE PAST 2-3 WEEKS BEGAN DELIVERING VOLUME QUANTITIES OF K6-233s. STILL, AT THIS DATE, THESE CUTS HAVE NO IMPACT ON 4Q RESULTS, AND OUR MODELS ALREADY ASSUMED THE P2-233 WOULD BE CUT TO $270 AT THE END OF JANUARY, SO THE ONLY REAL NEWS IS THE TIMING OF THE CUTS. THEY UNDERLINE A MORE COMPETITIVE PRICING ENVIRONMENT AND THE FACT THAT, TO SOME DEGREE, PRICING LEVERAGE HAS SHIFTED FROM THE SELLER TO THE BUYER. THE GOOD NEWS: TIMING OF 0.25 MICRON TRANSITION APPEARS TO HAVE ACCELERATED BY 3-6 MONTHS AT INTEL, SLIPPED 3 MONTHS AT AMD. Intel management indicates the move to 0.25 micron will be nearly complete by year end 1998. That is about 6 months earlier than the apparent schedule 6/3/97 at their analyst meeting. AMD, meanwhile, had been scheduled to be 100% 0.25 micron my mid-1998, but we guess that has slipped by 3 months. So AMD has gone from a (Cont'd) INTC (Cont'd) p.2 claimed lead to claimed parity. THE REAL BATTLE IN 1998 WILL BE INTEL's PUSH TO 0.25 MICRON P2 SLOT 1 CHIPS VS. AMD's 0.25 MICRON K6 SOCKET 7. ALL THAT CAN BE SAID AT THE MOMENT IS THAT AMD IS STILL IN THE RACE. lehman.com ....Happy Holidays, Dave