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

To: exhon2004 who wrote (67421)	10/26/1998 11:40:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Greg - Re: " The part about jerry at the controls has been confirmed as being absolutely true. (ggg)" Was Jerry Sanders asleep at the "switch" ? Paul

To: exhon2004 who wrote (67421)	10/27/1998 8:49:00 AM
From: greenspirit	Read Replies (1) \| Respond to of 186894

Greg, Article...Intel and AMD Heat Up Price Wars.... October 27, 1998 SAN FRANCISCO, CALIFORNIA, U.S.A., Newsbytes : Intel Corp. [NASDAQ:INTC] and Advanced Micro Devices Inc.[NYSE:AMD] are set to touch off the latest round of price cuts in the microprocessor market. Intel today announced reductions for its Xeon lineup for servers, among others, while AMD is expected to drop pricing for its K6 and K6-2 models aimed at low-end PCs tomorrow. Intel announced today that it has reduced its 400 megahertz (MHz) Pentium II Xeon for use in four-way servers to $1,980. Its 450MHz Xeon and 400MHz Xeon processors for use in one-way and two-way workstations will now both sell at wholesale for $825. The two models feature various memory speeds which make them attractive for use in different applications. In its desktop line-up, Intel cut prices on its high-end Pentium II processors as well as on its low-end Celeron chips. The 450MHz Pentium II model fell to $560 while the 400MHz model of the same family dropped to $375. The Pentium II 350MHz was reduced to $375 and the Pentium II 333MHz fell to $180. In the Celeron family, the 333MHz chip went down to $159 while the Celeron 300MHz is now available for $138. AMD is expected to reduce its K6-2 400MHz chip to $269 with its slower siblings following suit. The K6-2 380MHz will reportedly market for $199 and the K6-2 350MHz processor will be cut to $150, industry sources said. The firms are expected to create a flurry of activity in the PC hardware business with the most recent round of price cuts. System manufacturers will likely reduce prices on existing models and introduce more new low-cost PCs utilizing the chips in preparation for the holiday buying season, traditionally one of the strongest times of the year for consumer PC sales. Some analysts have estimated that PCs featuring the 350MHz Intel Pentium II will break the sub-$1,000 mark before the end of 1998 while systems powered by AMD's processors should continue to push the sub-$700 and even sub-$500 range. Intel said that the price cuts announced today are part of its continued strategy to arrange various models and product families in accordance with current demand and upcoming technology including a new class of desktop chips featuring the firm's Katmai upgrade for multimedia application support in PCs, early in 1999. Today's move helps to make room for these newer processors. Intel officials said that low-end Pentium II chips will continue to be phased out as the clock speeds of its Celeron line-up continue to move upstream. While the price reductions will affect the two companies' bottom line they are not expected to affect the developers a great deal as demand in the PC industry continues to grow. PC sales jumped by 10 to 12 percent this year and are predicted to grow some 13 percent next year as sub-$1000 machines become increasingly popular. Both companies are expected to continue to report solid growth for the year and the quarter, IDC said. Intel and AMD have repeatedly beat analyst earnings expectations in the face of dropping chip prices.