GVTucker, here is the press release.
AMD Improves Outlook for Fourth Quarter
biz.yahoo.com
"SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 6, 2001--AMD said today that it currently expects higher sales in the current quarter ending December 30, 2001 than previously indicated. Demand for the AMD Athlon(TM) XP processor, which was introduced on October 9, and is the world's highest-performance PC processor, has been robust. As a result, PC processor revenues, in the aggregate, are expected to exceed the previous record set in the first quarter of the year on record units. The stronger than expected PC processor sales, even in the face of flash memory sales now expected to be no better than flat, are expected to drive overall fourth quarter sequential revenue growth into the 10 percent or better range when compared to third quarter sales of $765,870,000.
AMD expects that its cost containment and reduction programs, coupled with revenue growth, will reduce the operating loss in the current quarter from the level of the third quarter. AMD continues to expect that it will return to profitability in the second quarter of 2002, when the full benefits of its cost control programs are realized."
It appears that AMD is expecting revenues around $850M, which is quite a bit larger than their high estimate by analysts. They are still projecting a loss, though, until the second quarter next year. Seems like the loss will probably be small, though. Maybe around -$0.15 EPS.
I am now eager to see what Intel says. Demand must be better than anyone would have thought.
wbmw |
