Advanced Micro Devices Inc (AMD)

[KeithDust2000]

Intel Seen 'On Track' For New Processor Launches

UBS Investment Research reiterated a "buy" rating and $37 target price on Intel (nasdaq: INTC - news - people ), saying the company's scheduled launches of new processors are "on track" with prior expectations.

The research firm said Intel is likely to launch its dual-core 90nm Paxville Xeon DP server processor in October, and the MP version in the middle of the fourth quarter. In addition, Intel is on schedule to launch the Bensley platform in the first quarter of 2006, according to the research firm.

UBS said Intel is on track for a refresh of its Woodcrest Xeon DP product in the third quarter of 2006. The research firm said Woodcrest enables Intel to gain a performance/watt advantage over Advanced Micro Devices (nyse: AMD - news - people ).

"We expect AMD's server share gains to slow in the second half of 2005," UBS said, citing the performance of Intel's Paxville versus AMD's Opteron.

http://www.forbes.com/markets/2005/09/28/intel-amd-semiconductors-0928markets10.htm