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AMD needs to prove it can withstand heat from Intel
Written by Gizmo   
Monday, 15 January 2007 13:34

Read the full story at Market Watch:

"Once again, Advanced Micro Devices Inc. will have to prove it can withstand the heat being applied by its larger rival, Intel Corp.

Investors, who pushed AMD shares down more than 9% Friday after the company issued a profit warning, have grown skeptical that it can.

The stock is now down more than 55% since March, when Intel first signaled it was being hurt by AMD in the market for server chips. Ironic as it sounds, investors sold off AMD shares on that news because many guessed that Intel would cut prices to win back share in a lucrative market.

Those fears of a price war turned out to be well-founded, and AMD blamed its reduced forecast on lower sales prices for microprocessors used in PCs and data-server networks."

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