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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.80+1.7%Jan 16 3:59 PM EST

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To: Cory Gault who wrote (46203)7/5/2001 7:20:17 PM
From: PetzRead Replies (1) of 275872
 
Cory, we're not talking about a 10-15% miss here and that is the problem

Actually, we're talking about an 8.8% shortfall relative to analyst expectations. By comparison, EMC just announced a 25% revenue shortfall. AMD never ever blessed any earnings estimates, other than Hector's assertion that $1.50 for the year was "do-able," hardly a ringing endorsement.

No doubt AMD should have warned last week, even if they would have had to give an extremely wide range of revenue guidance and no earnings guidance. I don't dispute that. I like Intel's mid-quarter, err, more like late-quarter update. Even if guidance is somewhat vague, like, "Quarterly revenues are currently 5% below plan"

... this would be huge improvement over last second "warnings."

Petz
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