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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (56086)	10/11/2000 7:13:22 PM
From: The Phoenix	Read Replies (2) \| Respond to of 63513

Time for the warnings to end and sanity to set in... AMD announces and beats by 2 cents. AMD up 10% from today's close. INTC up a buck too. More positive reports and the worm turns. dailynews.yahoo.com Advanced Micro Profits Top Forecasts By Duncan Martell SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - news), Intel Corp.'s main rival in the microprocessor market, reported third-quarter results that topped expectations on strong sales of its Athlon, Duron and memory chips. The Sunnyvale, Calif.-based company said that for the period ended Oct. 1, it had net income before gains of $219.3 million, or 64 cents a share, compared with an operating loss of $99 million or 36 cents a year ago. Sales nearly doubled to $1.21 billion from $662.2 million. AMD has been on a roll since it introduced its Athlon processor, the first time it has ever had a chip that boasts superior performance in some cases to Intel. Because of demand for Athlon, AMD said it expects to sell out of Athlons in the fourth quarter and to sell 28 million PC processors in 2000, compared with earlier guidance of 25 million. Unlike Intel (NasdaqNM:INTC - news), which last month said third-quarter revenue would be 3 percent to 5 percent higher than those in the second quarter, roughly half the 9 percent to 12 percent analysts had been expecting, AMD continues to barrel ahead. ``In a tougher market than anticipated, AMD achieved record PC processor revenues on record unit sales, which were up more than 50 percent year-on-year and 10 percent sequentially,'' said AMD Chairman and CEO W.J. ``Jerry'' Sanders in a statement. In the fourth quarter, AMD expects to sell 8 million to 9 million of its Athlon chips and its Duron chips, which are aimed at the low-cost PC market and compete with Intel's Celeron chips. It also forecasts annual 2000 sales of $4.8 billion compared with $2.9 billion in 1999. The results topped average analyst expectations of 62 cents a share, according to First Call/Thomson Financial. Including gains from the sale of investments and a charge, AMD had net income of $408.6 million, or $1.18 a share. Sanders also said that AMD plans to introduce Athlon chips that run at 1.2 gigahertz, faster than what Intel now has on the market, and that its low-cost Duron chip will reach speeds of 800 megahertz. He added that the company's projected market share for this is ``approaching 20 percent.'' AMD sold 3.6 million Athlon and Duron chips in the third quarter and sales of Duron topped 1.5 million. ``There's very high demand for our high-performance Athlons,'' Sanders said. Sales of flash memory chips, which keep their data when the power supply is turned off, more than doubled from a year ago, AMD said. And it expects fourth-quarter sales of flash chips -- which are widely used in mobile phones -- to be limited only by AMD's inability to increase production, and executives said on a conference call it would be ``hard-pressed'' to meet demand. AMD sold nearly 6.9 million flash chips in the quarter and ''we gained market share,'' Sanders said on the call. ``Duron demand was also strong everywhere.'' Shares of AMD fell 1/2 to close at $21-3/4 on the New York Stock Exchange (news - web sites), well off their year high of $48-1/2, although up from a year low of $8-3/16. The earnings report came after the close.

To: Jorj X Mckie who wrote (56086)	10/11/2000 9:31:34 PM
From: Techplayer	Read Replies (2) \| Respond to of 63513

Jorj, Did you get GLW today? they prewarned after hours. siliconinvestor.com That should help since I went to the wall today on some of the opticals. tp