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

To: Petz who wrote (22500)	12/14/2000 4:34:25 PM
From: Charles R	Respond to of 275872

Petz, <Ever heard of order cancellations? > I have dealt with these things on a daily basis for a long time. And it can be more complicated than most people understand. If you have a question, may be I can help. <Or did these really take place in early November and Intel just decided to report them on December 7?> Entirely possible. Management starts each quarter by trying to beat their guidance. Then as time passes, if things are not that rosy they look at coming at the high end of the range. As reality starts setting in, the goal becomes low-end of guidance. And, if things still look bleak, the talk about pulling in revenues from next quarter and channel stuffing begin. If things continue to get worse, the talk moves to creative accounting. If that too fails, people throw in the towel and warn. This cycle repeats every quarter in most public companies. Intel and AMD are no exceptions. Having worked this process for a living, I think the shiftiness of Jerry's guidance plain stinks (especially since the intention is to brush problems under the carpet and keep shareholders in the dark) Chuck