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Politics : Formerly About Applied Materials

AMAT 242.44

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To: Jacob Snyder who wrote (57069)	12/6/2001 4:40:41 PM
From: kdavy	Read Replies (1) of 70976

Thursday December 6, 4:18 pm Eastern Time AMD sees higher sales in Q4, back to profit in 2002 SUNNYVALE, Calif. Dec 6 (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - news) on Thursday said it expected higher sales in the fourth quarter, helped by the recent launch of a PC processor, and anticipated it will return to profitability in the second quarter of 2002. ``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 $765.87 million,'' the company said. AMD also said that cost cutting efforts together with revenue growth will help to reduce the operating loss in the fourth quarter from the level in the previous quarter. AMD shares closed nearly flat at $16.25 on Thursday, up from its year low of $7.70 but below its high of $34.6.

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