StockMan,
Re: "Therefore AMD will have .39 loss for 1998. At an estimated P/E of 20,
AMD should be -$7.8. Thus AMD should pay each of the shareholders $7.8 for
standing by AMD."
I noticed a couple of interesting things in AMD's "loss" announcement:
biz.yahoo.com
First, cash and cash equivalents declined from $467,032,000 to $306,804,000
in just one quarter. Also compared to last years 1st quarter, AMD had
close to the same revenue ($551,999,000 versus $540,856,000) while Cost
Of Sales (COS) has risen dramatically ($349,076,000 to 423,591,000).
No wonder AMD is losing money, they can't control their manufacturing
costs ... these probably include many wafers that had to be filed in
"circular" inventory. <ggg>
Make It So,
Yousef |
