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

To: Yougang Xiao who wrote (79943)	11/15/1999 2:54:00 PM
From: tejek	Respond to of 1580037

RE <<<We reiterate our Neutral rating on AMD and raise our price target to $25 from $16, which suggests a 25x P/E times our calendar 2000 EPS projection of $1.00.>>> In other words, "buy, but at your own risk". ted

To: Yougang Xiao who wrote (79943)	11/15/1999 3:07:00 PM
From: Charles R	Respond to of 1580037

Yougang, <Currently, AMD (AMD & Fujitsu) has surpassed Intel as the number 1 producer of flash. This quarter, we estimate AMD will have flash sales in excess of $260 million, and will be on a $1 billion run rate for the next 2-3 years. Courtesy of Albert:> Pretty balanced report overall except the financial angle. It beats the heck out of me how one can have revenues north of 900 and profit of 0.02. Even if you take $850M as the breakeven and take $63M ($913M-$850M) at 30% incremental GM one would get north of 10 cents. I just posted a lengthy post to Cirruslvr about my expectations on Q4. Flash could make the situation even rosier than I was saying. Cheers, Chuck

To: Yougang Xiao who wrote (79943)	11/15/1999 3:23:00 PM
From: greg nus	Respond to of 1580037

Xiao and Albert, Good news about Flash. Paine Weber is estimating $260million in revenue. My own estimate for AMD flash was $250million. So it's good to know PW agrees. Keep in mine that AMD is half partner with Fujitsu. So Venture revenues will be @ about the $2billion run rate. The venture completed a new Fab expansion recently and is now in position to coin from it.

To: Yougang Xiao who wrote (79943)	11/15/1999 3:26:00 PM
From: Goutam	Read Replies (1) \| Respond to of 1580037

Yougang Xiao, re:<07:02am EST 15-Nov-99 PaineWebber (Lazlo, John J. 415-576-2980) AMD AMD: Analyst Meeting> Thanks to Albert for providing this to you, and thanks to you for posting it. The Communications business is expected to post 20% revenue growth in the current quarter versus our previous estimate of 15% This is the more surprising news for me. I thought Communications business is going to be flat! I've a feeling that AMD may keep Communications Business unless AMD gets a very tempting bid for it. In this upturn, I wonder how much Vantis would be contributing to AMD's bottom line if it were still with AMD. It's too bad that AMD had to sell Vantis :o( Regards, Goutama