Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Maverick who wrote (33234)	6/16/1998 9:30:00 PM
From: Paul Engel	Read Replies (1) of 1573435

Maverick - Lehman CUTS AMD's estimates - forecasts a WIDENING LOSS lehman.com " EPS PROJECTIONS DOWN AGAIN TO REFLECT TOUGH CHIP INDUSTRY CONDITIONS; ALSO, WE ASSUME AMD DISCOUNTING VS. INTC'S PRICE LIST KEEPS AMD's ASP AT JUST OVER $100, RELATIVELY LOW. NOW PROJECT 2Q98 EPS AT $-0.38 (OLD: $-0.28), 1998 AT $-0.85 (OLD:$-0.50), 1999 AT $1.15 (OLD: $1.45), AND 2000 AT $1.60 (OLD: $1.85). ** STILL CAUTIOUS ON STOCK PROSPECTS. WITH LOWER EPS PROJECTIONS, 1-YEAR TARGET CUT TO $24 (OLD: $30) AND ONGOING LOSSES SHOULD KEEP NEAR TERM PRESSURE ON STOCK." I just thought you'd like to know this - so you won't be surprised next month when Jerry breaks the news to you. Paul

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