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

To: kash johal who wrote (86377)	1/10/2000 12:30:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1572702

Hi kash: Isn't $0.26 the SI average? Hmmmmm!

To: kash johal who wrote (86377)	1/10/2000 12:35:00 PM
From: Cirruslvr	Respond to of 1572702

Kash - RE: "-- Raises fourth-quarter eps from a loss of 10 cents per share to a profit of 26 cents per share." It is good to see an analyst who has the guts to announce he thinks AMD can will make a much larger profit than what other analysts think AMD can make. Does anyone have the report? I am curious to know what his revenue estimate it.

To: kash johal who wrote (86377)	1/10/2000 12:47:00 PM
From: Charles R	Read Replies (1) \| Respond to of 1572702

<Robertson Stephens on Monday raised its fiscal year 2000 eps estimates for semiconductor supplier Advanced Micro Devices (NYSE:AMD - news) to $1.50 from $1.00, while maintaining a buy rating.> I am expecting this to go to $2-3 after conf call followed by a "Strong Buy". Let's see.

To: kash johal who wrote (86377)	1/10/2000 2:52:00 PM
From: Petz	Read Replies (1) \| Respond to of 1572702

kash, more on the Robbie Stevens (Dan Niles) upgrade: (courtesy, Albert) Key Points: We are raising our revenue estimates for Q4 from $834M to $959M (up 45% q/q) and our EPS from a loss of $0.10 to $0.26 profit. We note that the consensus estimate for the quarter is currently a loss of one cent. We believe that AMD saw a strong surge towards the end of the quarter with microprocessor unit sales of 6M versus our prior forecast of 5.1M. We believe Athlon sales increased to 900K units from about 200K last quarter with Athlon revenues increasing increasing to $248M versus $63M. We believe that ASPs were also higher at $87 versus our $83 forecast. In total, we believe processor revenues were about $523M up 77% q/q or $100M more than our prior forecast. We believe non-processor revenues were also strong driven by flash which increased by 30% q/q to $270M. Q1 flash orders are also strong and pricing remains firm. We believe that total non-processor revenues increased by over 20% q/q to $360M. We believe that total non-processor revenues can increase by 29% in 2000 driven by flash revenue growth of 52% to $1.2B We are raising our EPS estimates for FY00 from $1.00 to $1.50 versus consensus of $1.05. This is driven by a new higher revenue forecast of $4.0B versus our prior forecast of $3.6B. We are now modeling processor units of 23M and $2.17B in revenues for FY00 versus our prior forecast of 18M and $1.87B in revenues. We believe this new forecast is also conservative. We are also raising our price target from $35 to $40. ** RATING: BUY Comments: they raised their revenue estimate for Q4 by $125M (834M to 959M), but only raised EPS estimate by 0.36 (-0.10 to 0.26). Why? If costs don't increase profit would increase by 0.83. They seem to think there were $70M of additional costs to produce the extra flash and K6-2's, since there Athlon quantity estimate (900K) is very low, and barely above the early Q4 guidance given by AMD. Petz