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Thu, Oct 18, 2001 - Page 21 News List

Intel's 3Q net income falls

THE GOOD AND BAD The company attributed the fall to plummeting chip sales, but also said it has regained some ground it had lost to Advanced Micro Devices Inc

BLOOMBERG , SANTA CLARA, CALIFORNIA

Advanced Micro held 21.5 percent, compared with 22.2 percent in the previous period and 17 percent a year earlier.

"Intel's getting pretty aggressive out there," said Mike Feibus, a Mercury analyst. "The pricing has been unbelievable, particularly for the older Pentium 4 stuff."

The company has chopped the cost of its Pentium 4 by as much as 84 percent since the chip's November debut, and analysts have predicted more cuts Oct. 28.

Intel started shipping more Pentium 4 chips than older Pentium IIIs two weeks ago, Executive Vice President Paul Otellini said. He'd previously predicted that change in product balance would come by year's end. Pentium 4 shipments quadrupled during the period from the June quarter, he said.

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