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

To: Petz who wrote (2534)	7/27/2000 3:28:04 PM
From: Gopher Broke	Read Replies (1) \| Respond to of 275872

DJ Advanced Micro Outlook-2: Sees 'Record' 3Q Sales 27 Jul 15:21 SUNNYVALE, Calif. (Dow Jones)--Advanced Micro Devices Inc. (AMD) reiterated its projections for the second half, saying it is on track to ship 3.6 million PC processors and expects strong sales in flash memory products. "Demand for AMD flash memory devices continues to exceed supply,' said AMD vice president for external affairs, Benjamin M. Anixter. "We are ramping the production capacity of our flash memory manufacturing joint venture, Fujitsu AMD Semiconductor Ltd., as rapidly as possible." In a press release Thursday, the company recapped remarks Anixter delivered at a San Francisco semiconductor conference. Despite the loss of revenue from its Communications Products Division, AMD expects record sales for the third quarter, based on the demand for flash memory and PC processor products. A First Call/Thompson Financial survey of 18 analysts produced a mean earnings estimate of $1.26 a share for the third quarter. For the 1999 third quarter, AMD lost $105.6 million, or 72 cents a share, on revenue of $662.2 million.

To: Petz who wrote (2534)	7/27/2000 4:02:36 PM
From: Pravin Kamdar	Read Replies (1) \| Respond to of 275872

John, I would assume that any earnings numbers that AMD gives out now include taxes. 1 billion dollars is about $5.70 per share. Also, it is risky for Ruiz to make such a statement. He must be very confident that they can achieve it. Their internal projections must be considerably over $1 billion. Pravin.