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: Paul Engel who wrote (49908)	3/6/1998 1:24:00 PM
From: Michael Ohlendorf	Read Replies (1) \| Respond to of 186894

The market has recovered almost all of yesterdays losses. Incredible almost as if nothing has happened ! Now go long again or aggressively short on the dead cats bounce ?

To: Paul Engel who wrote (49908)	3/6/1998 1:25:00 PM
From: StockMan	Read Replies (1) \| Respond to of 186894

Advanced Micro Devices' Ratings Placed on S&PWatch, Negative NEW YORK, March 5 /PRNewswire/ -- Standard & Poor's today placed its double-'B'-minus corporate credit rating on Advanced Micro Devices Inc. (AMD) on CreditWatch with negative implications. A double-'B'-minus/single-'B' rating is assigned to the company's $1 billion mixed shelf registration, which is also placed on CreditWatch with negative implications. The company's double-'B'-minus bank loan rating and double-'B'-minus rating on AMD's $400 million senior notes are also placed on CreditWatch with negative implications. The CreditWatch listing reflects increasing concerns about AMD's ability to profitably manufacture its ''K6'' microprocessor, as well as longer term concerns about the company's capability to develop and market successor processors in an increasingly competitive market. Sunnyvale, Calif.-based AMD has experienced persistently disappointing manufacturing performance in its microprocessor business, particularly for higher speed products, despite expectations that manufacturing problems had been addressed. Furthermore, marketplace pressures in the sub-$1000 personal computer segment, where AMD focuses its efforts, have increased. The company now anticipates that its March 1998 quarter revenues will be significantly lower than it had reported in the December 1997 quarter, and that its net losses will be greater. At the same time, the company will also continue to invest heavily in manufacturing capacity. Expenditures totaled $685 million in 1997 and are expected to be significantly higher this year. Resulting cash flows in 1998 could be substantially below the $300 million negative free cash flow reported in 1997. Standard & Poor's will assess AMD's manufacturing and product development prospects, and their likely effect on profitability and cash flow measures. -- CreditWire

To: Paul Engel who wrote (49908)	3/6/1998 2:19:00 PM
From: dmf	Read Replies (1) \| Respond to of 186894

Paul: RE: "Intel can't sell CPUs if people aren't lining up to buy PCs" Recent Charlie Rose interviews with Andy Grove and Bill Gates reminded everyone that it is not just PCs that will need chips in the future. When Gates was asked if he still held to his vision, a PC in every home and on every desktop, he said, and in every car and in every pocket and... There's no question Intel wants to address this as well as the high end Merced and future CPUs. What do we know about Intel's role in what might be an unbelievable mass market that is certain to take off? I read press releases but hope you will share your own view. With Intel's manufacturing might I am assuming this can be an added source of revenue and significant profits. Thanks. dmf