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

To: Paul Engel who wrote (120268)	7/13/2000 2:51:03 PM
From: Scumbria	Respond to of 1583547

Paul, How long ago was that? About 20 years ago I worked for his father. They had a spectacular house on the edge of a gorge overlooking the Rio Grande, and occasionally I watched the house and kid for a few hours. Scumbria

To: Paul Engel who wrote (120268)	7/13/2000 7:51:57 PM
From: Maverick	Read Replies (1) \| Respond to of 1583547

GTW's strong consumer biz bode well for AMD. Excerpts from yahoo.cnet.com July 13, 2000, 1:50 p.m. PT update Gateway posted earnings a penny above analyst estimates today, reporting earnings per share of 37 cents on revenue of $2.14 billion for the quarter. Todd said the company is comfortable with Wall Street's earnings estimates for both the third quarter and the full year. "We have a lot of momentum coming from our consumer business," Todd said. "It was a strong quarter," said Bear Stearns analyst Andrew Neff. Lehman Brothers analyst Dan Niles said the results bode well for the industry. "After a pretty rocky start to the quarter for most PC makers, business started to get better (in the latter part of the quarter)," Niles said in an interview. "We think this is going to be the best year for revenue and profit growth for the PC industry since 1996." Todd said the company was pleased with results for the 92 store-within-a-store locations it has launched with OfficeMax. Unit sales have been strong, and average selling prices have been in line with Gateway's typical prices, which are higher than those typically seen at retail, Todd said. "We're selling more PCs than they were selling before," Todd said. Todd also said the company is comfortable with the supply of components it is getting. "Right now, we feel we're in pretty good shape," he said. Gateway followed through on a pledge to increase the amount of processors it uses from Advanced Micro Devices, Todd said. However, Todd said it was too early to say what the mix of AMD and Intel chips would be for the second half of the year. Niles said that despite Gateway's problems in its business unit, he is optimistic about the company's prospects. "We still like the story," Niles said. "We like Gateway's stock quite a bit."