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Intel To Slash Prices Up To 60% Intel To Slash Prices Up To 60%
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Intel To Slash Prices Up To 60%
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Old 8th June 2006, 22:21   #1
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Intel To Slash Prices Up To 60%

According to Bloomberg, Intel will slash product prices by up to 60% in order to regain market share captured by AMD. Intel said it will reduce prices of faster dual-core chips by about 15 percent, according to Alex Lin, a product marketing manager at Micro-Star, Taiwan's third-largest maker of motherboards, which connect electronic parts in computers ... Shares of Intel have fallen 33 percent since Otellini succeeded Craig Barrett in May last year. Advanced Micro's stock has gained 77 percent during the same period. Intel fell 31 cents to $17.08 at 12:06 p.m. New York time in Nasdaq Stock Market composite trading. Advanced Micro dropped $1.55, or 5.5 percent, to $26.45 on concerns that Intel will lower prices
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Old 9th June 2006, 00:30   #2
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May be Intel is writing off inventory on 90nm + all associates capital equipment. Taking a one time hit will show better numbers for the coming year. This is something that AMD can't do, because they have no cash.

At $17, I will just have to buy more
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