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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 203.14-0.8%Jan 9 9:30 AM EST
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To: Pravin Kamdar who wrote (84896)7/15/2002 9:39:39 PM
From: Joe NYCRead Replies (2) of 275872
 
Pravin,

My guess is 10,000 layoffs.

It could only be no raises, hiring freeze, but it could mean closing some older facilities.

besides what it really turns out to be, almost as important is how Wall Street will digest it. It can be positive (cost cutting, increased profitability later) to negative (no recovery on the horizon). But one thing, no matter what it turns out to be, it will be hard to find anything positive in it for AMD.

Joe
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