Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	3/11/2001 2:14:37 PM
From: tejek	of 1576016

Stephens Cuts Advanced Micro Estimates NEW YORK (Reuters) - Robertson Stephens said on Friday it lowered earnings estimates on semiconductor maker Advanced Micro Devices Inc. (AMD.N) because the slowdown in the personal computer market has spread to non-PC related businesses. "Intel (Corp. (INTC.O)) last night in its pre-announcement conference call indicated that the slowdown seen over the last few quarters in the PC market now has spread to its non-PC related businesses -- namely, server, cell phone, and networking products -- across all sectors and geographies," analyst Eric Rothdeutsch said in a research note. Rothdeutsch cut the estimate for 2001 to $1.50 from $1.90 per share, and cut the 2002 estimate to $1.90 from $2.15, because of Advanced Micro's large exposure to flash memory predominantly used in cell phones, he said. Shares of Advance Micro closed down $2.70 to $23.30 in New York Stock Exchange trading on Friday. The stock's 52-week range is between $13.5625 and $48.50. 17:56 03-09-01 Copyright 2001 Reuters Limited.

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