Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Charles R who wrote (86375)	1/10/2000 12:19:00 PM
From: kash johal	Read Replies (4) of 1572639

Chuck and thread, Re: Robby stephens upgrade: Danny boy now forecasting profit of 26c for Q4:RESEARCH ALERT-Advanced Micro Devices target upped NEW YORK, Jan 10 (Reuters) - Robertson Stephens on Monday raised its fiscal year 2000 eps estimates for semiconductor supplier Advanced Micro Devices (NYSE:AMD - news) to $1.50 from $1.00, while maintaining a buy rating. -- Says upward revision is driven by a higher revenue forecast of $4.0 billion compared with prior forecast of $3.6 billion. -- Raises price target to $40 from $35. -- Raises fourth-quarter eps from a loss of 10 cents per share to a profit of 26 cents per share. -- In late morning trading on the New York Stock Exchange Monday, AMD shares were up 2-3/16 at 34-7/8.

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