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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John Walliker who wrote (139149)	7/12/2001 6:40:34 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

AMD Warns of Third-Quarter Loss thestreet.com AMD Warns of Third-Quarter Loss By Caroline Humer Senior Writer 7/12/01 5:35 PM ET URL: thestreet.com Microprocessor maker Advanced Micro Devices (AMD:NYSE) warned Thursday that it will post a third-quarter operating loss on a 10%-15% sequential sales decline. As it predicted last week, AMD reported that earnings in the second quarter fell to 5 cents a share, an 86% decline from the first quarter and slightly better than sharply reduced analyst expectations. Seasonal trends and a recovery in the flash market should boost revenues in the fourth quarter, the company said, allowing it to return to the black then. AMD attributed the earnings decline to pressure on microprocessor prices and on flash memory, which is long-term memory used in cell phones and personal digital assistants