Advanced Micro Devices - Moderated (AMD) Message Board

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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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From: zx	12/11/2006 8:44:54 AM
	Read Replies (2) of 275872

08:38 TXN and AMD may lower expectations, some risk to LSCC guidance - Goldman Goldman Sachs expects TXN to lower its guidance during its mid-qtr update tonight toward the low-end of current $3.46-3.75 bln range/EPS $0.40-0.46. While firm still thinks TXN is overvalued at $29, they don't think that this update will be a negative trading catalyst, as the Street is well aware of the weakness this qtr. In addition, firm believes that AMD's analyst meeting on Thursday may serve as a negative catalyst for the stock, as they think AMD is likely to lower Street Q4 rev and gross margin expectations in light of weak pricing as well as the integration of the ATYT acquisition. Firm also says there is some downside risk to LSCC's Q4 guidance for rev and gross margin due to the same supply chain inventory correction that is hitting others in the sector... Firm also says Dec NAND contract prices, released last Friday, showed significant price declines of 10-25%, depending on the configuration.

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