Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.25

-3.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: dougSF30	1/19/2005 1:36:06 AM
	of 275872

I made an error on the Flash Op Income of ($39M) being AMD's portion alone. It is all of Spansion. It just so happens that the total Q4 Op Income of $20M differs from net income by the $49M in one time financing charges. The actual calculation includes taxes and other items, so it does not imply that the "pure AMD" op income is $20M (which would mean the ($39M) was AMD's alone). The "pure AMD" operating income is actually about $37M this quarter, and last quarter would have been $62M, not $68M. So the "real" operating income fell from $62M to $37M. Not good, but not as bad as $68M to $20M makes it sound. Petz is correct on including all of Spansion in AMD's results. They should break it down differently, after the allocation to Fujitsu. It would lower the volatility. Of course, this happens in net income. But this time, those one time refi/convert charges mucked that up. We really want an intermediate of "true operating income after minority charge/credit".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next