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

To: DRBES who wrote (608)	7/12/2000 7:38:03 PM
From: Mani1	Read Replies (1) \| Respond to of 275872

DARBES re <<I have generally found it never safe to predict just what AMD is to do in the short term.>> I was not predicting anything! I said "I think it is safe to say the AMD will not fall tomorrow because of MOT" :) Mani

To: DRBES who wrote (608)	7/12/2000 8:00:16 PM
From: Petz	Read Replies (2) \| Respond to of 275872

Why AMD investors have to be patient: The fact is, this company has performed dismally for the entire period of 1996 to 1999. 1996 - Operating loss of $253M 1997 - Operating loss of $91M, semiconductor recession hits 1998 - Operating loss of $164M 1999 - Operating loss of $386M through Q3, recession ends ~ Q2 TOTAL ACCUMULATED LOSS: $914M Based on average shares thru the period thats about $6 per share. To counterbalance the losses, there are the following gains: Sale of Vantis division: $259M Profit in Q4'99: $65M Profit in Q1'00: $189M Anticipated gain sale of Comm Div $300M (? $375M cash for 90%) TOTAL ACCUMULATED PROFIT UP TO Q2:$813M So, for Joe Analyst, he feels like he's been going downhill for four years. He has, but the profit accumulation is so rapid, that with Q2's profit, all the remaining losses of the last four years will be erased! I predict that when earnings of > 1 billion dollars come into view, Joe Analyst will soon forget about the years of misery. We're getting close, Q2 may start the reassessment. (if you reply to this, don't forget to UNCHECK fixed font) Petz