Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Yougang Xiao who wrote (115869)	6/14/2000 2:44:00 PM
From: tejek	Read Replies (1) of 1579681

We're not changing our numbers for now, but if we apply a tax rate of 15% to the remaining three quarters, up from the 0% estimate we're using now, earnings per share declines to $1.01 for the current quarter and $5.08 for the year. The changed tax outlook is due to the better than expected results that AMD has been posting - we don't think that there should be any impact on the stock price. The current EPS consensus est. for this year is $5.13 and for next year, it is $4.55. This disparity needs to be resolved soon. Someone said this AM that they thought that AMD's sluggish stock price is due to some problems with Dresden yields. Could be...but I continue to think it has more to do with this disparity in earning's estimates. ted

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