Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: AK2004 who wrote (430)	6/20/1996 7:07:00 PM
From: Jack L. Dlugach	of 1586103

AMD says that 2nd quarter revenues are expected to be down more than 15% below first quarter revenues of $544M due to decrease in flash memory sales. They also say that they do not expect to meet street estimates of 6 cents eps. Meanwhile, they also say that they have over $400M cash and only $200M long term debt. Considering all the mergers and acquisitions related expenses, that doesn't sound too bad. However, they don't say whether the 6 cents estimate is going to end ups being a net loss or not. But they do have plenty of operating cash flow, so even if they do end up losing a little on the net, that still won't be too bad. This stock is not going to turn around until the tech sector starts seeing better news but I still think this is a good long term holding at these prices...we'll see $20+ again someday and maybe $39 again if we wait long enough.

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