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

To: dhellman who wrote (22198)	12/11/2000 6:21:22 PM
From: dhellman	Respond to of 275872

+Advanced Micro Sees 4Q Sales, Net Below Expectations 12/11 17:17 (DJ) Story 5987 DJ Advanced Micro/Estimate -5:Warning Follows Industry Trend Advanced Micro Devices' earnings warning follows last week's warning from Intel Corp. (INTC), which also cited weak demand for PCs. Over the past several weeks multiple companies in the semiconductor and personal computer industries have issued warnings, citing weaker demand and an overload of inventory. Last week, LSI Logic Corp. (LSI) lowered fourth quarter guidance and National Semiconductor Corp. (NSM) lowered third quarter sales expections for the second time in two months after beating reduced second quarter earnings estimates. Chip-maker Xilinx Inc. (XLNX) also lowered its sequential third quarter revenue growth guidance to 5% to 7% from 12%, due to softening bookings from several larger North American customers which resulted in a weaker than expected November. On Nov. 29, another chip-maker, Altera Corp. (ALTR), lowered its fourth quarter sequential revenue guidance, saying revenue will approximate third quarter revenue of $395 million. Gateway Inc. (GTW) and Apple Computer Inc. (AAPL) are among the PC manufacturers who have also issued earnings warnings. As reported earlier Monday, some analysts are speculating that battered semiconductor industry stocks, which traded up Monday, are oversold and have investors looking to the future. Advanced Micro's shares closed at 17.32, up 1.25, or 7.8%, on Nasdaq volume of 7,601,800, compared to average daily volume of 8,370,590 shares. Shares of Advanced Micro Devices recently traded in after hours trading at 17.50, according to the Island ECN order book. -Thomas Gryta; Dow Jones Newswires; 201 -938 -5400 (END) DOW JONES NEWS 12 -11 -00 06:18 PM