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Politics : Formerly About Advanced Micro Devices

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To: Cirruslvr who wrote (62969)6/23/1999 5:32:00 PM
From: Xpiderman  Read Replies (1) of 1580031
 
AMD warned a big loss again!!!

biz.yahoo.com

Advanced Micro Devices (AMD) 18 3/16 -1 11/6: chip maker warns of a Q2 loss of at least $200 mln, on sales of less than $600 mln.

AMD blames expected shortfall on decline in average selling price (ASP) for K6 chips and weaker than expected unit sales.

Wall Street was expecting loss of $0.40 a share for the qtr.

Based on current number of shares outstanding:

AMD's quarterly loss would exceed $1 per share.

But, again, AMD's W.J. Sanders III is trying to make you believe this massive loss is related to some one-time events!

Now, it's a matter of whether AMD is going to low teen or "single digit"!
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