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

To: AK2004 who wrote (1572)	7/20/2000 11:41:20 AM
From: AK2004	Read Replies (2) \| Respond to of 275872

And here is ML (no comments needed) 10:35am EDT 20-Jul-00 Merrill Lynch (M.Tech Group (1) 212 ........................ Advanced Micro Devices (AMD, $90 1/4, C-2-1-9) Lowering '00 and Raising '01 Estimates (Joe Osha 212-449-0930) o We had been looking for $1.18 leaving aside the impact of taxes, or $0.96 taxed at 20%. AMD reported $1.21 at a tax rate of 20%. After factoring in the impact of taxes, our 2000 number is going from $5.52 to $5.13, although our pretax number has been revised up. Our 2001 number is up from $4.58 to $5.25. o AMD has done a great job of ramping production of its updated Athlon products with on-chip cache. We believe that AMD has nearly completed its transition to the new products. Demand for the lower-priced Duron products is unusually strong - we believe that AMD is sold out for the third quarter. We are setting a 12-18 month price target of $150...............