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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 203.76-1.1%Nov 21 9:30 AM EST
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To: steve harris who wrote (1530)7/20/2000 11:25:53 AM
From: AK2004Read Replies (2) of 275872
 
and here is Goldman (no need for comments)

11:01am EDT 20-Jul-00 Goldman Sachs ................
AMD reports stellar quarter; raising estimates substantially; MO

***************************************************************************
* AMD reported an outstanding second quarter on better than expected *
* revenue and substantially lower costs. The tax rate was 20%, while we *
* had expected 0%; on a pretax basis the company reported $1.51 vs. *
* consensus $1.12 ($1.21 on a reported basis with the higher tax rate). *
* We are raising estimates substantially: from $4.17 to $5.00 (or fully *
* taxed, from $2.88 to $3.98); and for 2001, from $2.85 to $4.50. *
* Maintain MO rating, expect the stock to be strong today and to continue *
* to appreciate through the second half of the year. *
***************************************************************************
..................
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