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

To: L. Adam Latham who wrote (46144)	7/5/2001 4:51:44 PM
From: Tony Viola	Respond to of 275872

3 to 5 cents AMD Q2 profit. 17% sequential down revs. Intel price cuts cited among other things.

To: L. Adam Latham who wrote (46144)	7/5/2001 5:00:02 PM
From: hdl	Respond to of 275872

amd has visibility of one week!

To: L. Adam Latham who wrote (46144)	7/5/2001 5:01:07 PM
From: TechieGuy-alt	Read Replies (4) \| Respond to of 275872

despite continuing weak PC market conditions and very aggressive pricing by Intel Corporation, the company achieved record unit sales of AMD Athlon(TM) processors, record unit sales of AMD Duron(TM) processors, and record aggregate PC processor unit sales Hmm, the 2-3 cent/sh is bad. But unless the world wide processor shipments increased from Q1, this means that they gained unit market share in processors again this Q? Wonder what games INTC will play to hit the ~11 c/sh estimates. ASP's must be in the toilet even for them. TG

To: L. Adam Latham who wrote (46144)	7/5/2001 6:14:00 PM
From: Petz	Read Replies (4) \| Respond to of 275872

$115M short on revenues vs. Wall street consensus. I think half of this was $10 lower-than-expected ASP's counterbalanced by slightly higher than expected unit sales. $60M of it was probably collapse in Flash prices. The news that AMD and Alcatel had "settled" was probably the trigger for every other company and their brother to unnegotiate their Flash contracts. Seeing as Alcatel just issued a horrendous warning, I suspect that AMD basically caved in on the lawsuit and a domino effect from other customers followed, to the tune of $60M in one week. In the real world there's no such thing as guaranteed contracts -- not when revenues are collapsing by 50% in the Comm Sector. Live and learn. The CPU news is not that bad because the market would have applauded gaining market share. In the long run it's a better strategy. Petz