Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

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 214.87

-0.1%

Dec 23 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mani1 who started this subject	8/23/2000 10:50:55 AM
From: AK2004	Read Replies (1) of 275872

needham reiterates strong buy 08:47am EDT 23-Aug-00 Needham & Co. (Dan K. Scovel 212-705-0322) AMD BUSINESS CONDITIONS REMAIN STRONG: REITERATE STRONG BUY Equity Research Morning Note Dan K. Scovel (212) 705-0322 August 23, 2000 dscovel@needhamco.com William J. Sherman (212) 705-0289 wsherman@needhamco.com Advanced Micro Devices (AMD/NYSE) Business Conditions Remain Strong: Reiterate Strong Buy Price (8/22/00): $34.50 Shares Outstanding (MM): 312 52 Week Range: $48.50 - $8.19 Market Cap. (MM): $10,746 Recommendation/Target: Strong Buy/$58 Average Daily Volume (000): 2,719 12/99A 12/00E 12/01E Was Is Was Is Revenue (MM) $2,857.6 $4,953.1 $6,160.5 Growth 12% 73% 24% Op. Margin 3.9% 21.0% 24.7% EPS: 1Q ($0.44) $0.41A $0.62 EPS: 2Q 0.27 Same 0.53A Same 0.65 EPS: 3Q (0.36) 0.55 0.74 EPS: 4Q 0.21 0.67 0.89 EPS: Year ($0.30) $2.14 $2.89 Growth NMF NMF 13% P/E Ratio 16.1x 11.9x Adjusted for split Summary Business conditions remain extremely favorable: low-end Duron microprocessor demand is very strong and the company has yet to see any indications of flash memory market weakness. * Management continues to guide for microprocessor unit shipments 3Q and 4Q approaching 7 million and 9 million, respectively. This is slightly above our current estimate of 6.8 million and 8.2 million, respectively. * Contrary to speculation, we do not expect AMD to announce any form of significant business engagement with Dell Computer in the foreseeable future. * Future microprocessors code named Corvette and Camaro have been renamed to Palomino and Morgan, respectively, to avoid distressing a very large company outside the industry. * The company split its shares 2:1 on August 21. Our earnings estimates have been adjusted for this event and are otherwise unchanged. ....................................

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next