Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Yousef who wrote (37912)	10/2/1998 11:15:00 PM
From: Kevin K. Spurway	Read Replies (1) of 1571808

Re: "Why don't you try to post something of value on this thread." Okay. This comes courtesy of Albert. _________________ 10:52am EDT 2-Oct-98 Credit Suisse First Boston (Nirenberski, Scott (415) 836 PM CALL: Seminconductors: 3Q Earnings Preview & Industry Update-Pt 1-3 FBC CREDIT SUISSE FIRST BOSTON CORPORATION Equity Research-Americas Advanced Micro Devices (NYSE-AMD-$18 13/16-Hold-Nirenberski) We recently raised our 3Q98 estimate to $0.00 from ($0.11), adjusting for higher than expected unit sales (close to 4 million) and stronger ASPs (in the range of $105-110). The strength in the quarter is attributable to strong demand for $800-1,500 PCs and Intel's decision to accelerate its migration toward 350mHz and 400mHz Pentium II processors and ramp-down 300MHz/333MHz processors. 3Q98 processor revenues should approach $430 million. The company should report revenues in a range of $710-725 if the non-CPU business comes in close to its original guidance of $300 million, which would drive EPS into the $0.00-0.03 range. Non-CPU businesses are expected to be flat to down 4% sequentially with flash down 5%, Vantis (PLDs) flat, and communications flat to down 4%. Flash units continue to grow sequentially but pricing remains rough. We expect AMD's 4Q98 guidance to be positive with revenue growth in the 8-10% range and EPS in the $0.15-0.20 range. Our assumption is based on 5.1 million K6 CPUs at $95 though the company could be in a position to ship 5.5-6 million units, which would drive EPS into the $0.20-0.25 range. __________________ What do you have to add, Yousef, besides your ignorant technobabble? Kevin

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