Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (75736)	10/17/1999 9:43:00 PM
From: tejek	Read Replies (2) of 1578494

RE <<<During the Q399 Conference Call, Jerry Sanders, at 35 minutes into the call, issued the following comments in answering a question from an analyst: "Dresden won't be coming on as a production facility until the second quarter of next year. So Dresden is not expected to add material revenues to our business until the second half of next year, with INITIAL PRODUCTION in the SECOND QUARTER. ">>>> It is correct that Sanders said that; however it is becoming increasingly clear that for legal reasons, Sanders understated everything he said during the call AND AT THE END OF THE CALL HE TOLD US THAT HE WAS DOING THAT FOR LEGAL REASONS. Therefore when he talks about Q2 production at Dresden, I believe that to be the worst case scenario....that there is a good chance it will come online sooner. And should anyone underestimate this disclosure/legality issue, let me just say that I would not want to be the ceo of ANF right now nor an investor since in the stock price has dropped from 38 to 24 in the past week. Of course the whole issue is moot since Dresden is not needed right now and for the forseeable future. ted

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