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To: Just_Observing who wrote (167350)7/3/2002 1:44:05 AM
From: Monica Detwiler  Read Replies (3) | Respond to of 186894
 
More AMD bad news - which should provide more downward pressure on Intel and other tech stocks.

Wednesday July 3, 1:31 am Eastern Time
Press Release
SOURCE: AMD
AMD Anticipates Reporting Second Quarter Sales of Approximately $600 Million
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 2, 2002--AMD (NYSE:AMD - News) announced today that it expects to report sales of approximately $600 million for the second quarter ending June 30, 2002. The Company had previously projected second quarter sales to be in the $620 million to $700 million range.

The Company will provide final second quarter financial results on July 17, 2002.

About AMD

AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor's 500 company, produces microprocessors, Flash memory devices, and support circuitry for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $3.9 billion in 2001. (NYSE:AMD - News).

AMD, the AMD Arrow logo, and combinations thereof are trademarks of Advanced Micro Devices, Inc. in the United States and other jurisdictions.

--------------------------------------------------------------------------------
Contact:

AMD
Morris Denton, 408/749-3310 (PR)
morris.denton@amd.com
Mike Haase, 408/749-3124 (IR)
mike.haase@amd.com



To: Just_Observing who wrote (167350)7/3/2002 2:17:30 AM
From: wanna_bmw  Respond to of 186894
 
JO, Re: "I am always amazed that everyone ignores inflation when comparing historical prices."

Thanks for the correction. I hope I didn't get you too excited.

wbmw



To: Just_Observing who wrote (167350)7/3/2002 6:47:17 AM
From: John F. Dowd  Respond to of 186894
 
Well there is a brilliant observation. Back to the future and 3 cent first class mail. What asset in the universe has not been effected by inflation? Actually inflation within limits is a good thing as it provides the liquidity for expansion. Deflation is not a good thing and results in a contracting economy. That is not a good thing unless you are a feudal lord.JFD