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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (38698)10/7/1998 6:51:00 PM
From: Yousef  Read Replies (1) of 1577928
 
Jim,

Re: "I almost sold yesterday but figured I'd get a chance today at 22. Wrong-a-mundo!"

Jim, AMD was down a little over 20% today ... After posting its first
"large" profit in the last 4 quarters. What gives ?? ... What do the
"old chicken bones" say ?? Have you to had to "pawn" them yet ??

Here is one interesting perspective -->

fnews.yahoo.com

"Chipmaker Advanced Micro Devices (NYSE:AMD - news) slipped $2 5/8 to
$15 3/4 despite reporting a surprise $0.01 per share profit for fiscal Q3, ahead
of the $0.11 per share loss expected by the Street. While folks normally prefer
upside earnings surprises to the downside variety, investors may be reacting to
a continued lack of visibility and accurate guidance from AMD. The past few
quarterly earnings estimate rituals from AMD's analyst community have resembled games of pin-the-tail-on-the-semiconductor-donkey, with forecasts
all over the place. For fiscal Q4, the 21 analysts surveyed by IBES offered
estimates ranging from a loss of $0.13 per share to a profit of $0.25 per share
as of Oct. 1. Those forecasts will likely be massaged following last night's
report, which was examined in greater detail in this morning's Breakfast With
the Fool."

Could StockMan be right ... Is AMD also headed to "single digits" ??

Make It So,
Yousef
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