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

To: chuckles58 who wrote (59261)	10/19/2001 11:29:02 AM
From: chuckles58	Read Replies (1) \| Respond to of 275872

"The Five Dumbest Things on Wall Street This Week - at TheStreet.com": rd.yahoo.com*http://www.thestreet.com/_yahoo/markets/dumbest/10002661.html Jerry made number four on their list: "4. AMD's Feisty Pledge CEOs don't get their jobs by being eloquent, and it probably would be too much to expect them to sound statesmanlike. But sometimes their oratorical rough edges cross the line into embarrassing. Case in point: Comments from Jerry Sanders, the CEO of Advanced Micro Devices (AMD:NYSE - news - commentary - research - analysis), which earlier this week reported a loss for the first time in almost three years. The company, facing harsh pricing competition from Intel (INTC:Nasdaq - news - commentary - research - analysis), said its revenue was down 22% from a year ago and it expects a likely operating loss for the fourth quarter. Given recent declines in consumer confidence, the downturn is likely to be extended by several quarters, Sanders admitted. But in a conference call, he indulged in some spirited fist-shaking. Citing the company's so-called "Hammer" architecture for processors, Sanders declared, "We feel that when the upturn comes, we're going to kick ---." Does this guy carry around a surfboard in his car or what? Mr. Sanders, meet Mr. Reeves. OK, so we actually kind of admire Sanders' never-capitulate spirit. But his comment seems a little redundant, because just about everybody will look better when the economy turns around. Because that may not be anytime soon, what matters is how companies weather the interim -- feisty pledges notwithstanding." For what it's worth CB