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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 203.55

-1.2%

12:18 PM EST

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To: Brian Hutcheson who wrote (3646)	1/11/1998 2:07:00 AM
From: Kashish King	Read Replies (1) of 6843

This should be an ugly quarter for AMD, but how ugly? SAN FRANCISCO, Jan 9 (Reuters) - The financial turmoil in Asia and excess capacity have taken the shine off computer chip makers' normally robust fourth-quarter profits, and many companies have warned already of disappointing results... Analysts said Advanced Micro Devices, Intel's biggest rival in the PC microprocessor arena, would report a loss, because shipments of its K6 processor did not meet its target of two million units during the quarter and revenues from other products were flat. The company, which makes clones of Intel processors, faces pressures as Intel has been sharply cutting prices. AMD also is trying to switch to a new manufacturing technology... I suppose Sanders now gets a degree of respect for essentially announcing the loss weeks ago. The question is how ugly will it be and how much of that has already been priced in. I think we could easily drop below $12 depending on how thing play out in the broader market.

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