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

To: tejek who wrote (84716)	7/12/2002 10:07:37 AM
From: Yousef	Read Replies (2) \| Respond to of 275872

Ted, Re: "Watch out below:" This might not help either ... bummmer --> *7:46AM Advanced Micro downgraded at CSFB (AMD)* : CSFB downgrades to HOLD from Buy based on the belief that profitability of the Flash group is unlikely near-term; believes AMD is shifting its near-term strategy towards pursuing mkt-share at the expense of profitability, and is experiencing problems with MirrorBit that can lead to long-term profitability issues and loss of competitive advantage. Changes FY02 rev/EPS ests to $3.1 bln/($1.17) from $3.0 bln/($1.14) and FY03 to $3.9 bln/($0.53) from $3.5 bln/($0.31), and cuts price target to $10 from $12." Make It So, Yousef