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Old 01-17-07, 11:07 AM
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StockJunkie StockJunkie is offline
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Join Date: Dec 2006
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Price War Pounds Intel

Blain, good idea with this area. I hope it works out because I believe it will be a great efficient tool for myself to utilize while I conduct research throughout the day!

"Intel's profit plunged 39% in the fourth quarter, as the company signaled that its bottom line would continue to be pressured by a price war with rival Advanced Micro Devices.

That concern offset any upside from the chipmaker beating Wall Street's lackluster fourth-quarter expectations. Shares of Intel fell $1.03, or 4.6%, to $21.27 in early trading Wednesday.

On a post-earnings conference call, CEO Paul Otellini said "2006 was a challenging year and our response was to drive for product and technology leadership aligned with the fast growing segments of the marketplace."

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