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Intel down; AMD up?

Scott Wasson
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Intel has announced results for the latest quarter, and both income and earnings were down sharply:

For the first quarter, net income, excluding acquisition-related costs, was $1.1 billion, down 64 percent from the first quarter of 2000 and down 58 percent sequentially. First quarter earnings, excluding acquisition-related costs, were $0.16 per share, a decrease of 63 percent from $0.43 in the first quarter of 2000 and down 58 percent sequentially.

Not pretty at all. Much of this is a sign of a poor economy, but how much has competition from AMD hurt Intel? AMD will announce results tomorrow, but Steven Den Beste sends word that they’ve just filed results for calendar year 2000. Check this out:

Total net sales increased by $1,786 million in 2000, or 63 percent, to $4,644 million from $2,858 million in 1999.

PC processors net sales of $2,337 million increased by 68 percent in 2000 compared to 1999. This increase was primarily due to a strong increase in net sales of our seventh-generation microprocessors, the AMD Athlon and AMD Duron microprocessors.

AMD may be taking a pretty big bite out of Intel’s hide. ’twill be interesting to see their results for this latest quarter.

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