Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.76

-1.1%

3:59 PM EST

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To: Pravin Kamdar who wrote (37733)	4/28/2001 9:22:20 PM
From: John Stopforth	Read Replies (1) of 275872

Pravin Last week we heard of lay-offs at Unilever (7000), Siemens in Germany (3000) and TD Waterhouse reducing their staff by 18%. At the same time Intel says everything is OK with no staff cuts and no cuts in capital spending. It seems to me Intel is taking a gamble again. According to their last quarterly statement their cash on hand was reduced to 10 billion from 13 billion. I think it is not unreasonable to predict their cash will be reduced another 3 to 4 billion dollars in this quarter. They are gambling that the economy will recover and back to school purchases will be strong. Now what if the mobile palomino is a real hit, Intel might have miscalculated. They have in the recent past. If revenues are still down in the third quarter they will be scrambling to reduce costs, like reducing capital outlays drastically. John, still long and strong

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