Zowel Intel als AMD doen het op dit moment niet erg prettig op Wall Street. Beide aandelen daalden gisteren in waarde:
Shares of AMD, Intel, and other PC-related stocks fell today, as investors worried that the combative PC chip price wars are also indicative of slower-than-expected PC sales.
Late Wednesday, Sunnyvale, Calif.-based AMD said that it would report a bigger-than-expected second quarter loss, as it shipped fewer K6 processor chips than planned, hurt by increasingly aggressive price cuts by rival California chip maker Intel.
As expected, many analysts on Wall Street cut their earnings estimates on AMD, but also held out hope the company's next generation processor, the Athlon, will compete with Intel in the higher-priced corporate PC market.
Shares of AMD fell 1 1/8 to 17 1/16 in active trading on the NYSE. Santa Clara, Calif.-based Intel lost 1 1/2 to 55 1/16 on Nasdaq, also in active trade.
While AMD painted a picture in its conference call of being under attack by Intel, the 800-pound gorilla, analysts said that Intel's aggressive behavior may also be a reaction to slower-than-expected PC sales in the second quarter.
"Intel is worried about their own business,'' said Dan Niles, a BancBoston Robertson Stephens analyst. "I think when you do the post-mortem on Q2, it's going to be clear that demand is not good.''