SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 216.09-0.7%2:13 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dougSF30 who wrote (1442)7/19/2000 9:27:20 PM
From: survivinRead Replies (2) of 275872
 
Peck not impressed

Was he listening to the same call as Morningstar's Lopez, or is he just an inferior analyst unable to comprehend what he heard?

Does anyone remember his present rating and eps estimates? I'm guessing its a hold and he missed the # bigtime.

"In an absolute sense, the results were good," said SG Cowen analyst Drew Peck. "But I think there may be some disappointment over revenue, which came in basically in line with expectations."

During the first quarter, AMD also posted better-than-expected financial results. But its revenue also came in far ahead of forecasts.

"In light of the huge upside we saw last quarter, I think a lot of investors might have been expecting a little bit better," Peck said. "That may be a nagging problem when you consider that the stock was discounting fairly high expectations already. I suspect there could be some weakness as a result of that."

cnnfn.cnn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext