Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Mani1 who wrote (102397)	4/5/2000 7:23:00 PM
From: Yougang Xiao	Read Replies (2) of 1575881

Mani: <<There was no dive, stock finished the day lower couple of points or so. If you remember the stock gapped up at the open and traded substantially higher for most of the day.>> I was up early on that day and sat in front of Datek Streamer before 6:30AM PST. It did open gaped up to 46 or so ans within 10 minutes, the stock was traded down and remained down for that day. << The reason it finished lower is that so many people had bought before the earnings, (which resulted in run up to the earnings) with the plan of selling right after the earnings.>> Albert sent a few brokerage reports on that day and every single guy of that bunch raised AMD's forward earning number WITHOUT upgrade the stock. They are clearly pissed off, not entirely because of the good number, but because of lack of guidance for the upside during Q4. <<Perhaps Sander is doing a better job of dealing with the street now>> Sanders, not "perhaps", is certainly doing a better job of dealing with the street. Here are what he did: 1. keep his mouth shut most of the time. 2. At Goldman conference in Palm Spring, he announced "slightly" up Q1 due to K6 strength. 3. At Morgan Stanley conference on 1 Ghz announcement day, he announced that "goal" for Q1 was 1 billion in revenue. 4. Yesterday in Tokyo, he losely quantify the Q1 sales to be over 1 billion. I see AMD's corporate efforts in trying to communicate with Wallstreet and investors at large as to where AMD is heading in the quarter, and the street, you and I like such effort as we got UP day for each of these 3 guidance during the quarter! The difference was that AMD did not guide in Q4 when they should and could.

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