Intel (INTC) Nehalem Delay Could Open Door for AMD -AmTech
June 9, 2008 12:03 PM EDT
American Research Technology is out with a research note this morning on Intel (Nasdaq: INTC). The report cites recent channel checks as suggesting that Intel's Nehalem platform will initially launch in only a single-socket form. The firm believes this "will be viewed by customers and investors as a delayed ramp of the company’s second generation 45nm server architecture due out in late 2H08."
The firm calls the development "the second launch delay in recent weeks", the first Intel delay being its Montevina notebook platform, and believes this could "call into question Intel's solid record of on-time execution."
While AmTech maintains a Buy rating on shares of Intel, it believes this mis-step could give Advanced Micro Devices (NYSE: AMD) room to maneuver as AMD could now possibly ship its Shanghai server chip "into a less competitive market if Intel’s 2-way Nehalem parts are pushed out."
Intel Corporation engages in making, marketing, and selling integrated circuits for computing and communications industries worldwide.