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

To: Time Traveler who wrote (59672)	7/10/1998 1:18:00 PM
From: Paul Engel	Respond to of 186894

TT - Re: "shall we expect an interest expense of $35M for next quarter versus $18M this past quarter?" No - not a doubling. The $517 Million new debts carries a 6.5% interest rate (it is convertible to AMD shares at real goos price - $37 !). Some of the older debt ($400 million) is paying 11% or 13% interest. As for AMD - they price their products 25% less than Intel - they are setting themselves up as a TARGET for price competition. If Intel lowers their prices, they are just "reacting" to market conditions. Paul