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

To: SisterMaryElephant who wrote (47586)	7/13/2001 5:01:24 PM
From: AK2004	Respond to of 275872

Steve I just checked bloomberg and on financial statement as of 12/00 there were 350M shares for calculation of eps Regards -Albert

To: SisterMaryElephant who wrote (47586)	7/13/2001 7:50:38 PM
From: ptanner	Read Replies (1) \| Respond to of 275872

SK, Re: 350M shares for 3Q01 EPS I think AMD was referring to fully diluted shares since this is how they typically report values. With the recent conversion of the convertible bonds the difference between shares outstanding and fully diluted has become much smaller (basically employee stock options). From the most recent report, there was a dip in the fully diluted share count (351M to 340M) and a rise in the outstanding (314M to 330M). This is probably a "don't care" but it is a little curious how the values have fluctuated over the last couple of quarters. Perhaps someone with more experience with employee stock options granting and valuation would comment. Is the shares outstanding weighted so only part of the converted shares were counted for the quarter? This still wouldn't explain the change in diluted shares. amd.com -PT

To: SisterMaryElephant who wrote (47586)	7/13/2001 9:09:39 PM
From: brushwud	Respond to of 275872

Are any of you concerned that AMD asked analysts to use 350 million shares outstanding for Q3 EPS estimates? Is this the number used for prior quarters EPS? According to Yahoo, AMD currently has 316 million shares. AMD converted some Notes to around 27 million shares in the middle of Q2. These shares were already taken into account in computing fully diluted EPS since last year. Since the Notes were converted in the middle of the Q and the number of shares outstanding is weighted per day, the number of shares outstanding converged part way towards the number of fully diluted shares in Q2 and will do so again in Q3. Yahoo is a little out of date.