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

To: Goutam who wrote (79533)	11/11/1999 7:43:00 PM
From: Saturn V	Read Replies (1) \| Respond to of 1572510

Wow, Jerry Sanders really made the AMD stock zoom today.His magical charm is still there. I just went through the foils. H'm breakeven this quarter. The trick will be to keep it up next year. This quarter everyone is sold out. Good for all the AMD shareholders. Too bad I did not get back in :-( .

To: Goutam who wrote (79533)	11/11/1999 8:23:00 PM
From: xun	Read Replies (1) \| Respond to of 1572510

RE: K6 III Given K6-2+ on .18u, I don't think K6 III can play a good role in the product strategy. Just my 2 cents.

To: Goutam who wrote (79533)	11/11/1999 9:21:00 PM
From: Charles R	Read Replies (2) \| Respond to of 1572510

<re:<Where does the K6-3 fit in?> Good question. I didn't see any reference to k6-3 in the ZDNET article. I read somewhere a blurb about k6-3+. I'm thinking of updating my previous post if I find any thing new in articles from other sites. > Looks like K6-2 and K6-3 are out and K6-2+ will take its place and be the mobile and low-end desktop part.

To: Goutam who wrote (79533)	11/12/1999 12:08:00 AM
From: tejek	Respond to of 1572510

Advanced Micro Says It May Break Even in 4th Quarter Sunnyvale, California, Nov. 11 (Bloomberg) -- Advanced Micro Devices Inc., Intel Corp.'s biggest rival in the microprocessor market, said it may break even in the fourth quarter, sending its shares up 24 percent. ''Our break-even goal is attainable,'' Chief Executive Jerry Sanders said at an analyst meeting at the company's Sunnyvale, California, headquarters. ''Our business is terrific.'' Sanders's forecast surprised many analysts, who had expected a loss of 35 cents a share, according to First Call Corp. The brighter outlook shows that AMD's new Athlon chip is competing with Intel's Pentium III. AMD is counting on Athlon to help it return to profitability and expects to make at least 1 million of the high-powered chips this quarter. ''They're doing a lot of good things,'' said Dan Niles, an analyst at BancBoston Robertson Stephens, who rates AMD shares a ''buy.'' AMD's shares rose 5 3/8 to 28 in New York Stock Exchange trading, after touching 28 3/8, their highest since January. The stock had been halted earlier for the news. Before today's late surge, the shares had fallen 20 percent this year after the company warned several times that competition from Intel, lower chip prices and production delays would reduce sales and earnings. Niles still expects AMD to have a loss this quarter, though he thinks it will be 10 cents a share, compared with his previous forecast of 60 cents. He expects AMD's shares to reach $30 in three to six months, up from an earlier target of $25. He raised his earnings estimate for 2000 to 70 cents a share from 35 cents. In the year-earlier fourth quarter, net income was $22.3 million, or 15 cents, on revenue of $788.8 million. PC Demand Sanders said Advanced Micro will ship at least 5 million microprocessors in the fourth quarter, more than it originally expected, because of demand for personal computers. It expects revenue of $800 million. ''Previous guidance of 5 million units now appears conservative,'' Sanders said. That number ''should be considered a floor.'' He said the company could make and sell as many as 25 million processors next year. The company said it will have an 800 megahertz Athlon chip in the first quarter and a 1 gigahertz processor in the second quarter, in line with analyst expectations. Average selling prices for AMD's microprocessors are forecast to rise as the company ships more Athlons, Sanders said. He expects revenue from microprocessors to be higher in the first quarter than in the fourth. That would buck a trend in the semiconductor industry, where microprocessor sales usually fall in the first quarter after the holiday PC buying season. ''We believe we are gaining market share'' in processors, Sanders said. AMD's other businesses are improving, Sanders said. Sales of flash memory chips are benefiting from rising demand for mobile phones and television set-top boxes. Flash memory retains information in devices even when the power is turned off. ''We're sold out in flash,'' Sanders said. AMD said earlier this year that it plans to sell its communications-chip business to focus on microprocessors and flash memory. Today, Sanders said he expects to find a buyer for the business by the middle of next year. ''Things are looking good,'' said Dan Scovel, an analyst at Fahnestock & Co. Scovel was pleased with today's meeting because he had raised his rating on the stock to a ''buy'' from a ''hold'' at the end of the third quarter. Nov/11/1999 16:49 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.