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


To: Joe NYC who wrote (47267)7/12/2001 5:25:17 PM
From: andreas_wonischRead Replies (3) | Respond to of 275872
 
Joe, plus: AMD is expecting a loss for this quarter. Revenues expected to be again down 10-15% is a very bad sign. I think the stock will tank on this news.

Andreas

If current conditions prevail, the company expects that overall revenues could decline in the range of 10 to 15 percent in the current quarter. With a decline in sales of this magnitude, the company would report an operating loss.

Normal seasonality coupled with a recovery in some of the markets for flash memory products should enable the company to increase revenues and return to solid profitability in the fourth quarter.