Intel stock falls 7% on worries over chip sales
Article Abstract:
Intel Corp's stock fell $3.125 to $40.625 in over-the-counter trading on Oct 31, 1991, after executives conceded that sales of its popular 80386 microprocessor are falling. Intel's stock has traded as high as $59.125 in Jun 1991. In contrast, archrival Advanced Micro Devices Inc (AMD) of Sunnyvale, CA, saw its stock jump $1.675 to $12.75 in trading on the New York Stock Exchange. In Mar 1991, AMD began shipping a clone of the Intel 386, and on Oct 30, AMD CEO W.J. Sanders announced at the end of October that sales were much stronger than expected. Sanders projected 4th qtr 1991 sales on his company's 386 clone would total $75 million to $90 million, or more than one-fifth of the market. One analyst points out that Intel has somewhat compensated for falling 386 sales by boosting revenue from its higher-end 80486 microprocessor.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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FTC investigation of Intel appears to be near end
Article Abstract:
The Federal Trade Commission appears to be finishing its investigation of Intel Corp's trade practices, though the commission has not revealed whether it will drop the case or bring charges against Intel. Intel was accused of selling products only along with other products, of intimidating purchasers of Cyrix chips to keep Cyrix out of the market, and of attempting to keep microcomputer manufacturers out of the market by asking them to pay a royalty when using copies of Intel chips. Intel does not charge its own customers for using the patent it holds on various technologies but claims it has a right to charge microcomputer makers who use chips made with Intel technology. Intel said it was not aware that the investigation was coming to a close.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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