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

To: Bill Jackson who wrote (96782)	3/4/2000 1:30:00 PM
From: Process Boy	Read Replies (1) \| Respond to of 1572913

Bill - <PB, Point me to the niles comment you refer to?> biz.yahoo.com biz.yahoo.com ``We believe the first quarter is off to the best start seen in the last several years,' said Niles. ``After a strong January, Intel's momentum has continued into February with some signs of life finally starting to emerge in the corporate sector to augment a better-than-expected consumer sector. This first quarter has the potential to see flat to maybe even up quarter-over-quarter revenues for the first time since 1997, versus the seven percent decline seen over the last two years.' ``We believe that ASPs will increase quarter-over-quarter by $3-5, continuing the fourth quarter's upward trend,' said Niles. ``In addition, we believe that units will be roughly flat with fourth quarter levels of 31.8 million units.' ``We are raising our first quarter earnings-per-share estimate from $0.67 to $0.70, our 2000 estimate from $2.90 to $3.02, and our 2001 estimate from $3.25 to $3.35,' said Niles. ``We believe these estimates are conservative, even for the first quarter. We believe that upside exists both in units, as the company solves their manufacturing issues, and in ASPs, as higher power Windows 2000 systems begin to ship with a higher mix of PIII processors. We are raising our price target from $125 to $150 and would be aggressive buyers of the stock at current levels.' PB