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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject10/10/2000 9:56:52 AM
From: TimF   of 1570753
 
AMD may dodge PC weakness in third-quarter results
By Michael Kanellos
Staff Writer, CNET News.com

yahoo.cnet.com

The Sunnyvale, Calif.-based chip manufacturer is expected to post earnings of 62 cents a share, or
approximately $212 million, after the market closes Wednesday, according to a consensus of analysts polled
by First Call/Thomson Financial. The results will mark the fourth consecutive profitable quarter for the company
and pave the way for its first calendar year in the black since 1995.

Revenue will come to approximately $1.26 billion, fueled by sales of more than 3.6 million Athlon processors, predicted Dan Scoval, an analyst at Needham. Last year, the company lost 36 cents a share split-adjusted in the same period.

AMD will likely provide more details on chips coming in the near future, including the first Athlon chips for notebooks and servers and faster versions of Athlon and the budget Duron chip for desktops.

Despite a slowdown in PC sales, circumstances seem to be working in AMD's favor. Unlike Intel, AMD has not hit any manufacturing snags with its main desktop chip and has experienced more success in producing the fastest processors, including 1-GHz chips...


Tim (sorry for the off topic post :)
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