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Technology Stocks : Intel Corporation (INTC)

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To: Raymond Thomas who started this subject	11/15/2001 1:10:14 PM
From: wanna_bmw	Read Replies (1) of 186894

AMD CONFIRMS OUTLOOK FOR CURRENT QUARTER (Projections are unchanged from the 3rd quarter CC) edgar-online.com SUNNYVALE, CA -- November 8, 2001 -- Speaking at the annual AMD fall analyst conference today, AMD Chairman and Chief Executive Officer W.J. Sanders III said he expects that overall revenues will range from flat to high single-digit percentage growth on record unit sales of PC processors in the quarter ending December 30, 2001. The company outlook for the quarter remains unchanged from a projection issued when it reported third quarter results on October 17, 2001. "Seasonal patterns in the PC industry lead us to believe that AMD PC processor revenues in the first quarter of 2002 could retreat somewhat from the current quarter," Sanders said. "The outlook for flash memory going into 2002 remains uncertain, and pricing pressures on flash memory products are expected to remain intense. We currently expect that these conditions will delay our return to profitability until the second quarter of 2002." Sanders said that the company's cost containment and cost reduction program will contribute to improved operating results in the second quarter and beyond. "While we expect only very modest overall growth in the semiconductor industry next year, we believe that our new product offerings and low manufacturing costs will result in a profitable year overall for AMD in 2002," Sanders concluded. wanna_bmw

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