Intel Corp (INTC)

[fowler]

I half listened to the AMD conference call. A couple of things of note:

*They have changed their strategy on Hammer. At introduction it will be a server product. Hammer will be a desktop product sometime in the second half of next year (?).

*Cash burn was actually $300M in the quarter. They borrowed $155M secured by fab 25, of which they got $108M on the balance sheet 3Q (they get the rest 4Q). AMD is getting more leveraged.


They spent most of the CC talking about getting to a sustainable business model. A lot of focus on flash...

John