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Einer, der die Flinte nicht gleich ins Korn wirft: Joseph Osha, an analyst at Merrill Lynch, said that based on AMD`s warning, it`s likely that Intel has been pricing it`s flash chips more agressively during the 4th quarter. Osha estimates that gross margins in AMD`s flash business declined to 25% in the 4th quarter from 30% in the 3rd quarter, and operating margins in flash will come in at a 5% loss in the 4th quarter, compared with a 3% profit in the previous quarter. While AMD`s flash business is suffering, Osha said that if the company continues to make inroads in the higher-margin processor market, flash will no longer matter. "We continue to believe AMD is better positioned than its competitor in 2005," wrote Osha. Osha, who doesn`t own shares of AMD, reiterated his "buy" rating on the stock. Merrill Lynch intends to seek an investment-banking relationship with the company. |
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| aus der Diskussion: | AMD - Auf dem Weg zum EPS-Crossover mit Intel |
| Autor (Datum des Eintrages): | ugan (11.01.05 19:31:14) |
| Beitrag: | 588 von 10,541 (ID:15502328) |
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