Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.65

+0.3%

Dec 29 3:59 PM EST

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To: Pravin Kamdar who wrote (84720)	7/12/2002 10:58:58 AM
From: heatsinker2	Read Replies (2) of 275872

Pravin- AMD gets downgraded and the stock moves up. Someone likes AMD. CSFB downgrades to HOLD from Buy based on the belief that profitability of the Flash group is unlikely near-term; believes AMD is shifting its near-term strategy towards pursuing mkt-share at the expense of profitability, and is experiencing problems with MirrorBit that can lead to long-term profitability issues and loss of competitive advantage. Changes FY02 rev/EPS ests to $3.1 bln/($1.17) from $3.0 bln/($1.14) and FY03 to $3.9 bln/($0.53) from $3.5 bln/($0.31), and cuts price target to $10 from $12. Who is the CSFB analyst? His comment that AMD is pursuing a market share strategy seems bizarre, given that AMD needs cash. Also, if mirrorbit is experiencing some startup problems, it's a big jump to say that this will have serious long term consequences.

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