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

To: niceguy767 who wrote (91099)	2/2/2000 2:39:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1574306

Re: "It's amazing how easily the Intellabees skip over this recent historical fact!" Nobody's overlooking anything NiceGuy. First off you're factually in error, but that's nothing new. Secondly, it's just your inability to comprehend what "full capacity" means and how that could limit growth. With already over 50% of the worlds fab capacity, Intel is buying and building everything and everywhere it can. It wouldn't be doing this unless it was capacity constrained, a concept that continues to go in one of your ears and out the other. I know this is going in one ear and out the other too with little resistance. EP

To: niceguy767 who wrote (91099)	2/2/2000 2:39:00 PM
From: steve harris	Read Replies (2) \| Respond to of 1574306

ng, Athwipe eNgLE ought to buy more AMD, the S&P just upgraded Jerry's credit. :o) biz.yahoo.com S&P revises Advanced Micro Devices outlook (Press release provided by Standard & Poor's) NEW YORK, Feb 2 - Standard & Poor's today revised its outlook on Advanced Micro Devices Inc. to stable from negative. At the same time, Standard & Poor's affirmed its ratings on Advanced Micro Devices Inc. (see list below). (Note: this article is ``in progress'; there will likely be an update soon.) Make it so, Mysef Update: biz.yahoo.com Wednesday February 2, 2:28 pm Eastern Time S&P revises Advanced Micro Devices outlook (Press release provided by Standard & Poor's) NEW YORK, Feb 2 - Standard & Poor's today revised its outlook on Advanced Micro Devices Inc. to stable from negative. At the same time, Standard & Poor's affirmed its ratings on Advanced Micro Devices Inc. (see list below). The outlook revision recognizes the company's improved manufacturing performance during the past few quarters, as well as expectations that the company can continue to deliver future versions of its Athlon microprocessor from both its U.S. and German factories. The ratings on Advanced Micro Devices Inc. (AMD) reflect the challenges the company faces in executing its business plan in a very competitive market. Sunnyvale, Calif.-based AMD manufactures personal computer microprocessors and other semiconductors. AMD's mainstream K6 has been well-received in the consumer and small business personal computer space, although the company continues to lack presence with enterprise customers and does not make products for the high-performance server market. The K7, marketed as the Athlon, ramped up during 1999 to achieve AMD's planned production of one million units for the year, and was key to the company's improved profitability. The Athlon also is expected to be produced in the new Dresden, Germany factory in the first half of 2000, contributing further to potential sales volumes. Still, pricing pressures remain severe, as do requirements to continually offer faster versions of its microprocessors. In addition, the company utilizes different manufacturing processes in the two locations, potentially impeding technology transfer between the two sites. AMD's flash memory business is expected to continue to benefit from strong demand for cellular phones, and the communications chip business is for sale. The company generated $969 million in revenues and $65 million in net income in the December 1999 quarter, above earlier expectations. The results were aided by broad-based seasonal strength in the PC sector, which benefited sales of the older K6 chips, in addition to Athlon. Still, AMD competes with Intel Corp.'s broader product line, including high-end server chips and complete motherboards, which enable Intel to achieve average chip selling prices approximately double AMD's level. Furthermore, AMD's long-term product development capabilities remain constrained by its comparatively limited R&D resources, and AMD's historical manufacturing execution has been inconsistent. Although the December 1999 quarter was strong, free cash flows have been substantially negative in the past few years. Net debt has increased by $1 billion in the past several years despite $500 million in proceeds from the sale of the programmable logic business in mid-1999. Cash balances totaled $600 million at Dec. 31, 1999. OUTLOOK: STABLE The company's recent operating performance has somewhat alleviated concerns about its ability to execute its technologically challenging manufacturing plans, although the track record is still quite brief. The company continues to face stringent operational challenges in an unforgiving competitive environment. -- CreditWire RATINGS AFFIRMED RATING Advanced Micro Devices Inc. Corporate credit rating B Senior secured debt B Subordinated debt CCC+ Bank loan B+

To: niceguy767 who wrote (91099)	2/2/2000 3:00:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 1574306

SpryGuy - Re: "You forgot to add that Intel's sequential growth rate in microprocessors in Q4 when all-time records were being established was NADA! compared to AMD's 35%..." You forgot to add that AMD's CPU growth was NADA throughout ALL OF 1999 !! It's amazing how easily the AMDroids skip over this recent historical fact! Did I mention that Intel earned $2.4 BILLION (with a B)in PROFITS in just the last quarter - AFTER TAXES ? Paul