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

To: Maverick who wrote (74518)	10/7/1999 2:07:00 PM
From: greg nus	Respond to of 1572916

Mav, give us Amd'ers a break consider the source of your article, the street.com Cramer is merly talking up his 10,000,000 share short position. Get with the program.

To: Maverick who wrote (74518)	10/7/1999 3:18:00 PM
From: tejek	Respond to of 1572916

RE <<<....he conceded that there is "significant uncertainty" in demand for the product.>>> And he admitted at the end of the CC that he was intentionally being conservative for legal reasons. Makes sense; shareholders have become very litigious whenever there is a perception they have been mislead. Its called protecting your butt. RE <<<......beating an expected gigantic loss with merely a large loss is still a dubious accomplishment, one analyst argued. >>> Why? Had it been the reverse $.98 eps profit vs $.72 eps profit, they would have been very happy. An upside profit surprise is usually caused by better than expected sales and/or prices and cost savings. These factors were in play this last quarter to the benefit of AMD. I believe that breakeven is not far behind. RE <<<"Who cares?" said Drew Peck, an analyst for SG Cowen who has a hold rating on AMD. (SG Cowen has not done underwriting for AMD.) "When a company is losing this much money, it's a little specious to split hairs and try to figure out whether they're meeting or beating the Street's expectations.">>> Peck likes getting media attention by taking things to the edge. RE <<<<AMD continued to have problems delivering its new products in the latest quarter. "Limited AMD Athlon motherboard availability during the third quarter was exacerbated by the Taiwan earthquake ," the company said in a news release. The aftermath of the earthquake on Sept. 21 will continue to limit Athlon sales in the next quarter, AMD said.>>> Whoever wrote this article did not listen to the CC to the very end. Once again sanders admitted he was taking a conservative approach on this issue so that shareholders do not have a basis for future lawsuits. RE <<<<Wall Street had become increasingly pessimistic about AMD's prospects as the quarter wore on.>>> What the street would like is for AMD to pull a NSM. I don't think that is going to happen. RE <<<But that was calculated, Peck argued. "The company strategy is to lead investors to expect the worst and capitalize on the surprise," he said.>>> First of all to some degree all companies do this.....wall street expects an upside to the consensus estimate. Secondly the range in est. was from $.60 to $1.00+; to have such a wide range, it would seem that analysts put a subjective spin to the info they get from the company. Its interesting of all the analysts, Peck gets the most attention. It appears this article is biased and the more I look at it, the more I think it is not worth refuting. I guess we will just have to wait for the Q4 report to see if the writer is correct. ted