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Politics : Formerly About Advanced Micro Devices
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To: Charles R who wrote (86374)1/10/2000 12:21:00 PM
From: tejek  Read Replies (1) of 1573898
 
ROBERTSON STEPHENS RAISES AMD'S PRICE TARGET TO $40!!

THIS IS TOO MUCH GOOD NEWS IN ONE DAY....PRIOR EXPERIENCE OF HOLDING AMD HAS NOT PREPARED ME FOR IT!!!

GO AMD!!!

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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 <AMD.N> 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.

11:52 01-10-00

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