Analysts also said to expect Intel's rival Advanced Micro Devices Inc. (NYSE:AMD - news) to be hurt, perhaps more so than Intel, because of the glut in supply of microprocessors in the face of flagging demand. AMD's chip, the Athlon, has for the better part of a year been competing successfully against Intel's Pentium III.
``I'm sure there's a big sign flashing in front of AMD saying 'Road Kill,' `` Kumar said. ``When you get this magnitude of an inventory overhang, AMD basically gets destroyed.''
Thankfully, AMD stock seems to be unaffected by the drop in Intel's stock price, as of now AMD is actually up 11/16 for today, while Intel is still down 12 63/64. Other companies weren't so lucky. For more info on the aftermath, check out this Reuters article at Yahoo News.