To: Mike Gordon who wrote (23165 ) 3/23/1998 8:26:00 PM From: Glenn D. Rudolph Read Replies (1) | Respond to of 97611
Money Talks: Is Advanced Micro Devices Eating Intel's Lunch? PR Newswire - March 23, 1998 20:11 INTC AMD %CPR %FIN V%PRN P%PRN NEW YORK, March 23 /PRNewswire/ -- Instead of a turkey for every pot, today's rage seems to be a computer for every home. In the "Shaking the Money Tree" column this week, Bob Metz, editor of Money Talks (www.talks.com) and founder of The New York Times Market Place column, discusses how the growth in demand for PC's influences microprocessor companies like Intel and Advanced Micro Devices (AMD). As demand increases for PC's, the less expensive AMD chips may be overtaking the market, since its K6 microprocessors have won steady acceptance in computers priced below $2,000 and especially those priced below $1,000. Intel has reacted to this growth in the personal computer market by shifting production to mainframes and to computer servers, since it needs chip prices to be more than $250 in order to thrive in the PC market. Per Metz, leading Intel analyst at Merrill Lynch, Tom Kurlak, has been cautious on Intel since August, due to the fact that microprocessor chip conditions are deteriorating. Although AMD has recently reported losses, does it have the power to significantly decrease Intel's market share? Shaking the Money Tree column is posted each Monday evening, at which time the previous week's column can be found in the Money Talks' archives. Money Talks is a free e-zine that features original daily commentary from leading financial journalists, many of whom developed expertise and contacts at the New York Times and/or Wall Street Journal. This all-star financial line-up offers savvy insight on the equities marketplace, mutual funds, personal finance, biotech, the retail industry, interactive technology, financial issues for twenty-somethings, the economy and more. Designed to help individuals make better investment decisions, Money Talks' editorial is complemented by access to interactive tools and databases, including quotes, charts, a portfolio tracker, earnings analysis, news and an extensive IPO section. SOURCE Money Talks /CONTACT: Larry Thomas of Money Talks, 212-596-1513, or larry_thomas@prnewswire.com; or Denise Maloney of PepperCom, 212-681-1333, or dmaloney@peppercom.com/ (INTC AMD)