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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 264.34

+2.5%

3:59 PM EDT

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To: Howard Feinstein who wrote (6801)	2/3/1999 11:26:00 PM
From: Paul Engel	of 6843

Howard - Re: "Yeah AMD has some problems, and believe me, I'm not thinking they're gonna' fly but when this little escapade finishes the stock is going to the 30-35 range by April " AMD did this sh*t last year - at the same time. They proceeded to report two consecutive quarterly losses - the second of which was > $100 Million ! {================================} Thursday February 5, 1:42 pm Eastern Time AMD cancels investor conference appearances NEW YORK, Feb 5 (Reuters) - Advanced Micro Devices Inc said Thursday it has canceled plans to appear at conferences hosted by Wall Street firms until it can offer a meaningful update on the progress of a major production transition at the company. AMD is in the midst of a switch to 0.25 micron production for its K6 processor, which competes with Intel Corp's (INTC - news) Pentium II. Production is currently ramping up and solid data on chip wafer yields is still weeks away, said spokesman Scott Allen. He said AMD planned to avoid Wall Street analysts' meetings until executives could answer project-related questions. ''We are not just a microprocessor company,'' Allen said, ''but at any of these conferences, things will always come back to the question of, 'How many K6 units will you do in the first quarter?' ''For now, we really don't have anything to add to the record,'' he said. ''In the meantime, we're just concentrating our efforts on executing this ramp-up.'' AMD backed out of a recent conference hosted by PaineWebber and has also notified Goldman Sachs, Donaldson Lufkin & Jenrette and Morgan Stanley Dean Witter that it would not participate in upcoming conferences hosted by the firms. AMD fell 3/4 to 19-1/4 in early afternoon activity. More Quotes and News: Advanced Micro Devices Inc (NYSE:AMD - news) Intel Corp (Nasdaq:INTC - news) Related News Categories: US Market News

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