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

To: Cory Gault who wrote (46203)	7/5/2001 6:53:50 PM
From: AK2004	Respond to of 275872

Cory I can not argue with that. Regards -Albert

To: Cory Gault who wrote (46203)	7/5/2001 7:12:52 PM
From: Cirruslvr	Respond to of 275872

Cory - RE - "AMD spent several quarters building financial community credibility that has been sorely lacking and trashed that credibility with the way this was done. Bad management man!!!!!!" People used to say it will take 4 consecutive quarters earnings for AMD to gather respect on Wall Street. Well, they just threw 6 quarters of gaining respect out the window in one quarter.

To: Cory Gault who wrote (46203)	7/5/2001 7:20:17 PM
From: Petz	Read Replies (1) \| Respond to of 275872

Cory, we're not talking about a 10-15% miss here and that is the problem Actually, we're talking about an 8.8% shortfall relative to analyst expectations. By comparison, EMC just announced a 25% revenue shortfall. AMD never ever blessed any earnings estimates, other than Hector's assertion that $1.50 for the year was "do-able," hardly a ringing endorsement. No doubt AMD should have warned last week, even if they would have had to give an extremely wide range of revenue guidance and no earnings guidance. I don't dispute that. I like Intel's mid-quarter, err, more like late-quarter update. Even if guidance is somewhat vague, like, "Quarterly revenues are currently 5% below plan" ... this would be huge improvement over last second "warnings." Petz