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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (185)	7/7/2000 2:25:43 PM
From: Charles R	Respond to of 275872

Chic, <Wouldn't you agree that AMD buying $400 million in debt says something good about how this quarter is going? > My take is that AMD should have retired some debt last quarter and I was surprised when that was not done. My suspicion is that AMD management may have a psychological barrier such as having 1B in cash before debt is retired. If that is true, yes, this would indicate a better than expected quarter (from cash flow perspective). But the sceptic in me says the cash flow can't be better than expected because of inventory buildup. I am talking about my expectations here and not street expectations. I do not see any scenario under which the street estimates are not going to be blown out (as I said a few days back the rock bottom number I see is about $1.30). Chuck