Intel losing CPU market share to AMD

Posted on Thursday, October 07 2004 @ 17:42 CEST by Thomas De Maesschalck
A research by Standard & Poor's Equity Research states that Intel is losing CPU market share to AMD. But on the other hand Intel gained market share in the flash memory sector.
"Following recent comments by rival AMD, we believe Intel is recapturing market share in flash memory," it said. "However, we think Intel may be losing some share in its core microprocessor business, as AMD has gained traction with customers with its AMD64 processors." The research firm estimates Intel's third-quarter earnings at 27 cents per share; 2004 and 2005 earnings per share are estimated at $1.10 and $1.29, respectively.

"We expect the seasonal pickup in the fourth quarter to be less robust than in previous years, as we think Intel still faces near-term channel inventory and macro concerns." S&P Equity Research maintained a $23 target price for Intel, which reports third-quarter earnings on Oct. 12.

More info atForbes

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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