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

To: crazyoldman who wrote (113121)	5/28/2000 12:40:00 PM
From: crazyoldman	Respond to of 1573213

Hello All, From: AMDZone, "CEO Jerry Sanders speech at the AMD Annual Shareholders Meeting", April 27, 2000. amdzone.com Jerry Sanders speaks: "The stock market today is extremely turbulent and volatile. In the new May 1st, 2000, issue of Business Week, in an article entitled "What's the best way to hang on?", a suggestion is made that the best opportunities going forward may be the 20 largest high-tech companies in the S&P 500 that have been public for at least five years. AMD is one of those companies. AMD had higher reported earnings per share in the March quarter than the entire group listed except for one. Without the benefit to earnings that that one company received from the gain on sale of securities from its investment portfolio, there would have been no exceptions. Our reported earnings per share of $1.15 were three times the street estimates as recently as February 17. Some might say we are already delivering astonishing results. Growing sales sufficiently in the current quarter to offset the increasing costs of Fab 30 as it moves to production status enabling operating profits equal to last quarter's $181 million will be a challenge. Two weeks ago during our analyst conference call, I said I believed that we were up to the challenge. Based on current market conditions and increasing confidence in our ability to ramp production, I am now all the more confident we can meet or exceed last quarter's operating results.." Kindest regards, CrazyMan