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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Goodman who wrote (12383)	10/6/1998 8:29:00 PM
From: Savoirman	Read Replies (2) \| Respond to of 13925

More evidence that Intel's world domination plans are crumbling. If you notice, AMD is up (before the results, so it will probably rise again today) and Intel is DOWN. These numbers show that Intel has peaked, and its control of the PC world will be eroded. Any company that can lose 30 points of market share in a year is on its way down. The retail numbers will probably pop up in the overall numbers about a quarter down the road. Now, what was it Kurlak said? Advanced Micro Devices Tops Street's Expectations An INTERACTIVE JOURNAL News Roundup Advanced Micro Devices Inc. beat Wall Street's expectations for third-quarter net income due to a strong increase in sales of its K6 family of personal-computer processors. The Sunnyvale, Calif., chip maker said Tuesday that net income for the fiscal three-month period ended Sept. 27 was $1 million, or one cent a share, compared with a loss of $31.7 million, or 22 cents a share in the year-earlier period. Analysts surveyed by First Call had expected a loss of 13 cents a share. Revenue, meanwhile, rose 15% to $685.9 million from $596.6 million. The earnings report was released after the close of trading Tuesday. In New York Stock Exchange composite trading, AMD shares rose $1.50 to $19.875. Shipments of AMD's K6 chip rose by 1 million units to 3.8 million units, while K6 family processor sales increased by 70% from the second quarter. AMD said that according to PC Data, systems powered by K6-family processors captured 31% of the total U.S. retail market for desktop systems in August, the latest period for which data are available. In the rapidly growing market for sub-$1,000 systems, PCs powered by K6 processors captured a 54% market share -- the highest penetration the company has achieved to date. The company said that sales of K6-based systems surpassed even those of the wildly successful new system from Apple Computer Inc., the iMac. AMD, a rival to industry leader Intel Corp., benefited from the same strong demand for PCs that Intel did. Charles Boucher, an analyst at Donaldson Lufkin & Jenrette Securities Corp., had expected AMD to report a loss of 5 cents a share on sales of $680 million. Not only did AMD sell more chips, but it also received more money per chip as users migrate to higher-speed computers, he said before the earnings were released. AMD's average chip price was north of $100 in the third quarter, he added -- an improvement from an average of $86 a chip in the second quarter.