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

To: Petz who wrote (22436)	12/13/2000 10:11:32 PM
From: Charles R	Read Replies (4) \| Respond to of 275872

Petz, <Well, Jerry's comments were a month old when AMD warned. Revenue projections for the quarter can easily change by 5% in a month's time. > We are talking about a miss of something of the around 8% (high single digits was the guidance). In CPU unit terms the miss to guidance is "teens". This is not a miss that happens in month. Especially, since that that miss came one month AFTER the quarter began. Assuming an evenly divided Q4 (not a bad assumption since Q4 is supposed to be more front end loaded than all other quarters), the miss is dramatic. <Are you demanding that Craig Barrett resign for affirming Intel's guidance 3 days before their warning? There should be so much stench in the analyst's collective mouths that they puke out Intel.> I am not saying Intel's management consists of saints but I would give that management a much higher rating on being investor friendly. If you noticed, Intel declared their miss before AMD and that was only about a 4% miss (since 4% would have met their original guidance). By the way, guidance miss is not the sin. Especially this quarter when almost everyone in the PC space seems to have missed. The problem is how these things get handled. Jerry tries to brush problems under the rug and act as if they don't exist. Some recent examples: - claiming strong infrastructure support when it actually was pitiful - launching Duron in June with a promise of Compaq and other OEMs in 30 days and not coming clean on that issue when that didn't happen. - scrapping Mustang from the roadmap and not even mentioning it - claiming ASPs will climb after VIA chipset showsup in October and changing that tune in November and predicting flat ASPs - saying KM133 would ship in volumes in December and not even acknowledging that this has not been met - claiming AMD gained significant market share in November conf call and declaring units were flat with no explanation - claiming the current softness is a short term phenomenon when he can't meet the guidance that was given a month back - doing a press release on a big miss and not even following up with a conference call - and this irks me a lot This Jerry we are talking about - the list can go on and on. Jerry's strength is dogged determination and not investor friendliness.