Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.11

+3.9%

Nov 26 3:59 PM EST

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To: Mani1 who started this subject	6/18/2002 4:26:58 PM
From: Elmer	Read Replies (5) of 275872

Could AMD's losses approach $200Million??? I'm glad I bought my Puts back yesterday! ---------------------------------------------------- AMD Updates Second Quarter Outlook Company Anticipates Lower Than Expected Second Quarter Sales SUNNYVALE, Calif.--(BUSINESS WIRE)--June 18, 2002--AMD (NYSE:AMD - News) announced today that sales for the second quarter ending June 30, 2002 are anticipated to be within the $620 million to $700 million range. At these depressed sales levels, the Company anticipates a substantial operating loss for the quarter. The Company's projection made in connection with the release of first quarter results was for second quarter sales to be within the $820 million to $900 million range. "As we have seen in previous statements from a number of other companies, there is broad weakness in the personal computer market and it is adversely affecting AMD," said Robert J. Rivet, AMD's Chief Financial Officer. "The processor business, particularly in Europe and North America, is weak. Our flash memory business is improving and expected to show sequential sales growth." The Company continues R&D spending at record levels in its strategic thrusts and is executing well on its previously reported product and technology roadmap schedules. The Company will provide final second quarter financial results on July 17, 2002. AMD Teleconference AMD will hold a teleconference for the financial community at 3:00 PM today to update its second-quarter sales outlook. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its web site at amd.com or streetevents.com. The web cast will be available for one week after the teleconference.

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