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

To: Kenith Lee who wrote (104732)	4/12/2000 8:34:00 PM
From: Petz	Respond to of 1578738

ADVANCED MICRO DEVICES SOARS - Just about every fact in this Yahoo story is wrong, but here it goes anyway: biz.yahoo.com Wednesday April 12, 7:55 pm Eastern Time Advanced Micro Devices Soars SUNNYVALE, Calif.(AP) -- A powerful profit report by Advanced Micro Devices, the No. 2 chipmaker after Intel (NasdaqNM:INTC - news), blew past Wall Street forecasts on Wednesday, a stark contrast to sudden jitters about computer sales that helped send stocks tumbling. The first-quarter profit of $189 million, nearly double what many brokerages expected, followed some market-rattling comments earlier in the day by a top analyst who said Microsoft's (NasdaqNM:MSFT - news) sales are being hurt by weaker demand for personal computers. But after the close of Wednesday's stock trading, AMD reported that it sold 1.2 million of its speedy Athlon microprocessors in the quarter, a 50 percent increase from last year, {{DUH, a 50% increase from last QUARTER}} as the company grabbed a larger share of the market for PCs costing less than $1,000. *{{Umm, Athlon's are inside computers sold for more* then $1,000.}} AMD's stock fell sharply before the report, dropping $6.12 1/2 per share to $64.50 on the New York Stock Exchange. But in extended trading on other markets, the stock soared as high as $75. {{Uhh, try $80}} The jump in Athlon sales accounted for the bulk of a record revenue tally of $1.09 billion, which was a 73 percent improvement from AMD's sales in the first quarter of 1999. {{Actually, Memory Group revenues %-wise were up more year over year than CPG revenues.}} AMD's profit for the first three months of 2000 amounted to a per-share profit of $1.15 a share, which compared with a year-ago loss of $128 million, or 88 cents per share, in first quarter of 1999. The once-struggling company's improving fortunes have been fueled by rising demand for lower-priced PCs, which have emerged as the fastest growing part of the computer market as households buy their first and second machines. {{Actually, they should have replaced "lower priced" with "home and small business"}}** Petz