AMD&#39;s share price catches up with Intel&#39;s
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AFTER THE FEVERED speculation earlier this week about Dell using AMD microprocessors, the unthinkable nearly happened yesterday. The price of a share in AMD finished on the NYSE exchange yesterday at $21.
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Several brokerages raised their share price targets for Intel Corp.  on Wednesday, betting the leading chip maker would improve after reporting disappointing profit margins for the last quarter.
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Still carrying the weight of costs related to last year&#39;s&#160;acquisition of graphics vendor ATI, AMD recorded its fourth straight quarter of net losses Thursday.The company reported a net loss of $396 million, or $0.71 per share, for the third quarter, compared to net income of $136 million for the year-earlier quarter. Analysts polled by Thomson Financial had estimated a loss of $0.62 per share. The loss included a $120 million charge related to its acquisition of ATI last year.AMD recorded third-quarter revenue of $1.632 billion for the quarter ending Sept. 29, an 18 percent year-over-year increase.The company sold a record number of microprocessors during the quarter, AMD said in a news release. Microprocessor unit shipments increased 19 percent year-over-year and mobile processor shipments increased 68 percent, AMD said.After months of delays,&#160;AMD finally released its latest quad-core Barcelona processor in September.&#160;AMD is locked in a quad-core chip battle with Intel, which shipped more than 2 million quad-core processors during the quarter, Intel said in its earnings call on Tuesday.AMD has already lost ground in the market for server chips to Intel in recent quarters. AMD&#39;s quad-core Opteron processor, also called Barcelona, opened up a revenue stream for company during the quarter, the company said.
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SAN FRANCISCO: Intel upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent market share gains in memory chips could help offset any softness in computer microprocessor demand.
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Shares of Intel Corp. INTC.O rose  about 3 percent on Wednesday after the leading chipmaker  reported better-than-expected quarterly results and raised its  manufacturing spending plans.
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Earnings up... Chip monster Intel is upping its guidance for the third quarter - the day arch-rival AMD launches its Barcelona chip.â¦
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Intel Corp.&#39;s upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent market share gains in memory chips could help offset any softness in computer microprocessor demand.
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SAN FRANCISCO (CBS.MW) -- Shares of Intel rallied in pre-open trading Wednesday amid relief that the company did a better-than-expected job moving part of its excess inventory and that the weakness it sees in the fourth-quarter isn&#39;t as bad as some feared
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roundup As chip engineers gather in San Francisco, Intel shows off its teraflop chops, and AMD talks pricing pressure and power consumption.
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In the fourth calendar quarter of last year, Intel made the most headway against arch-rival AMD in the server CPU market in several years, surging ahead in shipments and reportedly taking back a few points of market share. Now, AMD is working to take those points back and then some.
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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.
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Intel Corp. , the largest  maker of computer processors, posted a rise in second-quarter  earnings on Tuesday, but its missed its gross margin goal and  its shares fell nearly 5 percent.
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Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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Taking stock. As 2004 winds down, Intel (nasdaq: INTC - news - people ) management isn&#39;t likely to grow nostalgic: The year saw a series of production glitches and delivery delays at the chip maker, and it
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For 35 years, Advanced Micro Devices Inc. (AMD ) stood in the shadow of archrival Intel Corp. (INTC ) AMD churned out lower-priced clones of the tech leader&#39;s chips and occasionally enjoyed a hit that helped boost its meager profits.
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With stronger profits to report, Intel's looking forward to this week. Struggling AMD, on the other hand, will hope it goes by quickly.
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(InfoWorld) - As price competition takes its toll, AMD Thursday posted its third consecutive quarterly loss, saying that although revenue was relatively solid, it suffered a sharp second-quarter drop in income. Revenue for the quarter was $1.38 billion, an improvement from $1.22 billion a year earlier. But the company reported a net loss of $600 million, or a loss of $1.09 per share, a big drop from net income of $89 million, or $0.18 per share, a year earlier. A big part of the loss was due to restructuring costs and a $130 million, or $0.24 per share, charge related toÂ the acquisition of graphics-chip maker ATI last year. One piece of good news was that in the face of stiff price competition from Intel, AMD said its second quarter gross margin was 34 percent, excluding one-time charges, an improvement over its 31 percent margin in the first quarter of 2007. "We achieved a 12 percent sequential revenue increase, improved the gross margin, and won back microprocessor unit and revenue market share," said Robert J. Rivet, AMD's CFO, in a statement accompanying the company results. Looking ahead, AMD forecast that third-quarter revenue would increase in line with traditional seasonal growth rates. Though that does not point to a big increase in profit in the near future, traders reacted positively to the upbeat news on revenue and margins, driving up company shares by $0.32 to $15.78 in after-hours trading. Nevertheless, the second-quarter gross margin, for example, was still a far cry from AMD's 57 percent gross margin in the second quarter of 2006. Rivet acknowledged that to instill confidence in the company, "we must improve our financial results." AMD faces an uphill battle. After gaining ground, in terms of market share and technology, on Intel two years ago by coming out with dual-core processors, AMD suffered last year as Intel battled back with its own line of multicore chips. In the longer term, AMD is pinning its hopes to a great degree on its "Barcelona" quad-core Opteron server chip, due out in August. That chip will compete with Intel's dual-core "Woodcrest" and quad-core "Clovertown" Xeon processors launched last year. AMD also needs to stay on track and hit its 2009 goal to bring its new Fusion chip -- made with ATI technology -- to market.