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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: wanna_bmw who wrote (160503)2/27/2002 2:38:28 PM
From: Paul Engel  Read Replies (3) of 186894
 
AMD Affirms First Quarter LOSS Guidance


[Note - the MADroids will interpret this as proof positive that MAD will post a profit this quarter !!]

Wednesday February 27, 2:29 pm Eastern Time

SUNNYVALE , Calif. -(Dow Jones)- Advanced Micro Devices Inc. (AMD) reaffirmed its earlier guidance of a "small" loss for the first quarter, on sales of about $900 million.

Analysts are expecting the company to lose 6 cents a share, on sales of $901.5 million, in the first quarter.

In the year-ago first quarter, the chip maker earned $124.8 million, or 37 cents a share, on sales of $1.19 billion.

In a press release Wednesday, Advanced Micro said sales of personal computer processors will be in line with seasonal patterns for the first quarter.

(This story was originally published by Dow Jones Newswires)

Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved
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