Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Goutam who wrote (110199)	5/10/2000 4:47:00 PM
From: survivin	Read Replies (1) of 1583677

Klauer sees a possible "restatement" Ouch! This sure seems to be "material", many of their inside sales during the last month or two must be called into question. Could get really ugly as it plays out. Expect to see the lawsuits fly. Does anybody really believe only less than a million cumines use mth? Doesn't sound realistic. "When a cost reaches a few hundred million dollars, then we consider it to be material," said Intel spokesman Michael Sullivan. "At this point, it's too early to know whether it will be material." "Given that less than one million of these motherboards have been shipped, we do not foresee the reserve being above a few hundred million," said Erika Klauer, an analyst Deutsche Banc Alex. Brown. "The timing of the reserve will match when the shipments were made, resulting in a restatement of first quarter 2000 results." cnnfn.com

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