Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.11

+0.1%

Dec 24 12:59 PM EST

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To: L. Adam Latham who wrote (46144)	7/5/2001 6:14:00 PM
From: Petz	Read Replies (4) of 275872

$115M short on revenues vs. Wall street consensus. I think half of this was $10 lower-than-expected ASP's counterbalanced by slightly higher than expected unit sales. $60M of it was probably collapse in Flash prices. The news that AMD and Alcatel had "settled" was probably the trigger for every other company and their brother to unnegotiate their Flash contracts. Seeing as Alcatel just issued a horrendous warning, I suspect that AMD basically caved in on the lawsuit and a domino effect from other customers followed, to the tune of $60M in one week. In the real world there's no such thing as guaranteed contracts -- not when revenues are collapsing by 50% in the Comm Sector. Live and learn. The CPU news is not that bad because the market would have applauded gaining market share. In the long run it's a better strategy. Petz

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