Techno-News Blog Ray Schroeder, editor, OTEL - University of Illinois at Springfield |
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Technology News for Higher Education Times and Dates Coordinated Universal Time
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Tuesday, August 07, 2001
http://www.zdnet.com/zdnn/stories/news/0,4586,5095254,00.html?chkpt=zdnn_nbs_hl Wall Street jittery over Intel price cuts By Larry Dignan Intel got a double whammy from Wall Street Monday as Lehman Brothers said the company "plans to detonate a price bomb," and Salomon Smith Barney cut its earnings estimates for the chipmaker. In a research note, Lehman Brothers analyst Dan Niles said Intel is hatching a plan to regain market share from Advanced Micro Devices, sparking a price war that will hurt earnings. Intel will make its move Aug. 26, he said. According to Niles, Intel plans to cut prices by 50 percent on its high-end Pentium 4 chip. The chip giant will cut the price on its 1.8GHz Pentium 4 from $562 to $260. And if that cut doesn't work, Niles said there is "an additional 10 percent to 25 percent price cut on Oct. 28."...
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