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

To: AK2004 who wrote (33655)	3/27/2001 11:22:59 AM
From: niceguy767	Read Replies (2) \| Respond to of 275872

albert: "We are maintaining our March quarter revenue and EPS estimates of $1.13 billion and $0.36 EPS. However, we are adjusting June quarter revenue and EPS estimates to $1.05 billion (down 7% QoQ) and $0.35, down from $1.16 billion and $0.36. Our full year 2001 revenue and EPS estimates to $4.6 billion and $1.62 EPS, down from $5.1 billion and $1.80." Q1 looks a tad low, more like $1.2 billion and 40.40...Q2 decline is wrong unless flash falls off a cliff which management repeatedly has rejected as an outcome...any Q2 falloff in flash is countered by incremental Dresden units of approx. 1.5 million (i.e $200 million..and flash just ain't gonna fall off and certainly not by $200 million)...Y2001 at $4.6 billion and $1.80 is absolute worst case scenario...more like $6 billion and $2.50 to $3.00 eps, if Dresden ships 20 million units!!!

To: AK2004 who wrote (33655)	3/27/2001 11:31:38 AM
From: DRBES	Read Replies (1) \| Respond to of 275872

re: "we believe that there is some weakness in flash memory (almost 40% of revenues), as AMD's flash business has significant exposure to the communications end-market" This part of the report is highly myopic and blind to the facts (IMnotsoHO) . Most of the flash memory that AMD markets is not of the commodity grade and are subject to binding contracts at higher than industry commodity pricing policies. While I would not be surprised to see some loss of firmness, I suspect that AMD is far more immune to these pressures than such lightweights as...for example: inteL. Patient Regards, DARBES

To: AK2004 who wrote (33655)	3/27/2001 12:25:08 PM
From: Pravin Kamdar	Read Replies (1) \| Respond to of 275872

Albert, Great move by Pru to lower estimates. It only makes it easier for AMD to beat them. Doesn't look like it is hurting the stock any. Pravin.

To: AK2004 who wrote (33655)	3/27/2001 3:34:26 PM
From: richanfamus	Respond to of 275872

Maybe this is the cause of their Flash problem? Cisco reported to halt component ordering By EBN Mar 27, 2001 (10:36 AM) URL: ebnews.com Continuing weakness in the networking infrastructure market has led networking giant Cisco Systems to halt component ordering, particularly impacting two programmable logic suppliers, according to an analyst at Thomas Weisel Partners LLC. “We believe Cisco has stopped ordering components altogether while orders from other key customers including Nortel, Lucent, and EMC are likely severely diminished as well,” said TWP analyst Eric Ross, San Francisco. In a research note issued this morning, Ross noted that inventory levels throughout the supply chain have swelled to 12 months, while inventory at major Cisco suppliers Altera Corp. and Xilinx Inc. have risen to 8 and 7 months, respectively, in March. Ross today downgraded the stocks of programmable logic suppliers Altera and Xilinx, each of whom attributes roughly 75% of its sales to network-equipment OEMs.