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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 221.450.0%3:59 PM EST

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To: kash johal who wrote (21026)11/29/2000 5:42:54 PM
From: PetzRead Replies (1) of 275872
 
For those you didn't listen to the Gateway conf call, there is a short press release on their website at investor.gateway.com

Basically, the said that the THanksgiving weekend was EXTREMELY disappointing for sales. Almost no pop. They are lowering their revenue estimates for Q4 from $3.05B to $2.55B. They are lowering their revenue growth forecast for 2001 to 10%, and most of that is "beyond the box" stuff.

They think this is totally a consumer demand issue and the fact that computer sales are becoming less and less seasonal. Extremely grim.

Petz
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