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

To: Dan3 who wrote (139170)	7/13/2001 3:21:37 AM
From: Paul Engel	Respond to of 186894

Blowing Harder Al lThe Time Dan - Re: "Awesome. So between Ausus and Intel, Dell could ship 1.5 million P4 systems in Q4. ...With Dell pushing P4 hardest, and Dell accounting for 40% of the market, that would pretty much cap P4 sales at a little over 3 million for Q4 after the ramp up. " Worried? You should be. Read the following - and ENJOY !!! AMD expects operating loss in current quarter By EBN Jul 12, 2001 (3:33 PM) URL: ebnews.com Advanced Micro Devices Inc. today reported sales of $985.3 million and net income of $17.4 million for the quarter ended July 1. Net income amounted to 5 cents per diluted share, on 341 million fully diluted shares outstanding. Compared to the second quarter of 2000, total sales declined by approximately 16%, and on continuing businesses, by approximately 11%. Results for the second quarter of 2000 included approximately $63 million in sales from the company's voice communications business, which was sold on August 4, 2000. Sales declined by approximately 17% from the first quarter of 2001, when AMD reported sales of $1,188,747,000 and net income of $124,837,000, or 37 cents per diluted share. For the first six months of 2001, AMD reported total sales of $2.2 billion and net income of $142.2 million, or 43 cents per diluted share. For the first six months of 2000, AMD reported sales of $2.3 billion and net income of $396.5 million or $1.17 per diluted share. AMD had record unit sales of more than 7.7 million PC processors during the quarter. Average selling prices for PC processors declined sharply from the first quarter in the face of very aggressive pricing in a weak PC market. Sales of AMD memory products declined by 13% from the second quarter of 2000 and by 23% sequentially in a continuing weak demand environment. "In what proved to be a more challenging semiconductor business environment than anticipated, we believe we gained market share in our two principal product lines, flash memory devices and PC processors," said W.J. Sanders III, chairman and chief executive officer, in a released statement. "Demand for flash memory products continued to reflect severe weakness in the communications and networking sectors," Sanders continued. "Continuing the steepest ramp of any AMD processor family, unit sales of our seventh-generation PC processors grew 16% sequentially. PC processor revenues declined 11% sequentially, but grew nominally over the second quarter of 2000," said Sanders. Visibility in the flash product segment is poor, and thecompany said it projects a sequential decline in sales for the third quarter. PC industry unit growth for 2001 is less than previously forecasted, and the company now believes that industry unit shipments will be approximately flat for the year. Based on a normal seasonal pattern, which would show a pick-up in market demand for PCs in the third quarter, the company expects that unit sales of its AMD PC processors in the current quarter will again be at record levels with ASPs under continuing pressure. Weakness in the communications and networking sectors continues to impact the company's foundry services and other IC products, and the company projects that these revenues will continue to decline in the third quarter. If current conditions prevail, the company expects that overall revenues could decline in the range of 10 to 15% 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.