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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (141777)1/16/2002 7:19:35 PM
From: zax  Respond to of 1585089
 
AMD Posts Lower Than Expected Loss
By THE ASSOCIATED PRESS
Filed at 6:59 p.m. ET

SAN JOSE, Calif. (AP) -- Driven by record sales of computer processors, chip maker Advanced Micro Devices Inc. (news/quote) on Wednesday posted a narrower-than-expected fourth quarter loss.

For the three months ended Dec. 30, AMD lost $15.8 million, or 5 cents a share, compared with earnings of $178 million, or 53 cents a share, in the same period last year.

Analysts were expecting AMD to lose 18 cents per share, according to a survey by Thomson Financial/First Call.

``We are executing well and expect to continue to do so,'' said Hector Ruiz, AMD's president and chief operating officer.

Fourth quarter revenues were $952 million, down 19 percent from the $1.2 billion reported last year. Analysts were expecting fourth quarter 2001 revenues of $840 million.

For all of 2001, AMD lost $60.6 million, compared with a profit of $983 million in 2000. Revenues were $3.9 billion, a 16 percent decline from the $4.6 billion in 2000.

The year was marked by the continuing rivalry between AMD and the much larger Intel Corp. (news/quote) Though Intel's Pentium 4 chips run much faster, AMD claims its Athlon XP processors perform better.

Both companies slashed prices during the year, though the reductions have slowed in recent weeks. The result drove up demand even though PC sales in general were slumping.

``Anyone who believes Intel is not losing share to AMD must also believe in the tooth fairy,'' said W.J. Sanders III, AMD's chief executive. ``Competition is good, and AMD is good competition.''

AMD said it sold a record of 7.8 million processor units in the fourth quarter, and it expects to maintain that pace or exceed it in the current quarter.

At the same time, the price of flash memory, which is used in digital cameras, cellular phones and other devices, remains soft.

AMD expects first-quarter revenue to decline to about $900 million, which would result in a small net loss, the company said. AMD expects to return to profitability in the second quarter of 2002.

Shares of AMD fell $1.24 to $17.91 in Wednesday trading on the New York Stock Exchange. They gained 87 cents in after-hours trading, after the fourth-quarter results were released



To: TimF who wrote (141777)1/17/2002 1:21:11 AM
From: tejek  Read Replies (1) | Respond to of 1585089
 
They did....however, Hitler is an example of one that went off the deep end.

Hitler's main points where extreme nationalism, hatred of the Jews and other "inferior" people, and aggressive expansion of the state both in terms of its power within the country, and by invading other countries.


Yes and those main points originated in conservatism. Before WWI, Europe was carved up into large nation states.....Germany was one of them, Austria-Hungary another. They had been in power for a number of years. He wanted to return to that era when the germanic peoples ruled. To another time, when there were less semitic and gypsy people living in Austria and Germany.

He grew up in one of the most conservative nation states in Europe.........Austria, and came to power in one the most conservative states of Germany. He built monuments to the military, he strengthened that same military into a major power, and built buildings intended to invoke patriotic fervor. He brought back old German traditions.

His roots were in conservatism .....he came from the same seed as Gingrich but that's where the resemblance ends. Hitler was insane, Gingrich is not. His brand of conservatism went amok.

Gingrich did not focus on nationalism, or against particular ethnic or religious groups. He did not support wars of conquest and he aimed to reduce the role of the federal government. If you examine their ideas and actions they are directly opposed in many areas. In no significant area is Hitler just a more extreme or "off the deep end" form of Gingrich. In some ways Hitler is closer to someone like Ted Kennedy who would have more power at the level of the central government, and less in the states (laander in Germany) or individuals, the exact opposite of Gingrich's main theme.

I am not sure that Gingrich is a traditional conservative. But once again, Hitler was a nut case........of course, his model will not follow the traditional conservative model. Plus conservatives of the 21st century have changed a lot since those of the early part of the 20th century.

ted