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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (74512)	10/7/1999 12:49:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1572941

FY00 EPS reduced to 0.38;$850M breakeven is 28% seq increase,8% fr yr-ago:Impossible nothing to get too excited about considering that the company had actually earned a profit of $0.01 per share in the yr-ago period. Moreover, revenues slipped about 3% to $662 mln. For some perspective, CEO Jerry Sanders estimated that AMD must reach $850 mln in revenues in the fourth quarter to get to a break-even point. That would be a 28% sequential increase and about an 8% jump from yr-ago levels. Unfortunately, it is difficult to put much faith in AMD reaching that revenue target since the Taiwan earthquake has interrupted its supply chain; and let's not forget a certain company called Intel whose competitive presence has been more than a stumbling point for AMD in the past. Looking to its future, and in an effort to raise more cash, AMD also announced that it had hired investment bankers at DLJ and Salomon Smith Barney to find buyers for its communications product group. The company said it hopes a sale can be completed during the first half of 2000. Perhaps by then the company will also be able to turn a profit, but uncertainty surrounding competiton from Intel, the success of its Athlon chip, and production capabilities leave plenty of room for doubt. Consensus expectations for FY00 are for the company to turn a profit of $0.38 per share, but that's down from $0.62 just 90 days ago. By Briefing.com