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

To: david_langston who wrote (2573)	7/27/2000 7:26:54 PM
From: david_langston	Read Replies (1) \| Respond to of 275872

Better reporting on Robertson Stephens Semiconductor Conference here. semibiznews.com At the Robertson Stephens Semiconductor Conference here, an Advanced Micro Devices Inc. vice president said demand for flash memories and PC processors was so strong that AMD expects to report record revenues in the third quarter despite the sale of the company's communications business to an investment firm. In his presentation before the meeting, Benjamin M. Anixter, vice president for external affairs at AMD, reiterated the company's guidance for results in the second half of 2000. "Demand for AMD flash memory devices continues to exceed supply," Anixter said. "We are ramping the production capacity of our flash memory manufacturing joint venture, FASL (Fujitsu AMD Semiconductor Ltd.), as rapidly as possible to support our customers," he said. "Our increased output is committed through the remainder of this year. "With good visibility into future demand through the end of 2001, we continue to expect strong growth in sales of flash memory products," Anixter added. [...]

To: david_langston who wrote (2573)	7/27/2000 7:40:46 PM
From: Petz	Read Replies (1) \| Respond to of 275872

david, <Unfortunately the article didn't say what year that goal would be reached> In the last year's worth of conference calls, Ben Anixter has consistently tried to tone down all of Jerry's promises, and then we found out later that Jerry was actually conservative. I'm surprised he didn't put a warning about "forward looking statements" both before and after the vague $1B promise. <EDIT>Maybe it was CBS Marketwatch and not Ben who was vague about the timeframe for $1B profits</EDIT> Petz