Quantifying Q1 Loss - by using AMD's own words.
On 9/30/97, AMD warned in regard to Q3/97, in describing the degree of the expected loss, "substantially" was used.
<<During the third quarter, lower than expected AMD-K6 yields resulted in lower revenues and
an operating loss that was substantially larger than anticipated. The company will report third-quarter financials after the market closes on Tuesday, October 7, 1997.>>
amd.com
On 10/7/97, reported loss was EPS -0.22. and the word "substantial" was somewhere quantified in a range of loss of 0.20 to 0.30
<<SUNNYVALE, CA - OCTOBER 7, 1997 - AMD today reported a net loss of $31,675,000 on sales of $596,644,000 for its third quarter, ended September 28, 1997. The loss amounted to $0.22 per share.>>
amd.com
Now, Atiq used the word "significant" to refer the degree of Q199 loss, in describing severity, if "substantial" is at 5 on scale of 10, how worse is "significant" than "substantial" when two words were used in normal business communication environment. Native speakers, help out.
<<Atiq Raza, AMD co-chief operating officer and chief technical officer, said today
that the company will fall short of its goal of shipping 5.5 million units of AMD-K6® family processors in the current quarter. The shortfall will result in a significant loss for the quarter.>>
amd.com
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