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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (46762)1/20/1999 5:03:00 PM
From: Joey Smith   of 1581923
 
Erika downgrades AMD today. I'm sure albert can give the full details. Erika expects trading range from $25-35. huh??? Someone should tell her the stock was at $22 when she downgraded. From CBS marketwatch:

On the downside, Advanced Micro Devices (AMD) fell 1 1/8 to 21 after
BT Alex. Brown analyst Erika Klauer downgraded her rating on the stock
to "market perform" from "buy."

She also lowered 1999 earnings estimates to $1.15 a share from $1.25 a
share, citing in part higher research and development costs. Klauer said
she expects the stock to trade between $25 a share and $35 a share until
sales improve to cover higher operating costs.
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