Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Petz who wrote (46218)	7/5/2001 7:32:39 PM
From: Cory Gault	Respond to of 275872

"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."" I basically agree with all that, but you know the game and so does AMD. They know what consensus estimates are and they have to manage to that perception. Regardless of whether or not they gave gudance on earnings or not..this is percieved and rightly so as a severe miss. I agree that a mid to late quarter update is a good way to keep the penguins informed. CG