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

To: Joe NYC who wrote (85246)	7/17/2002 8:02:39 PM
From: Petz	Read Replies (3) \| Respond to of 275872

I was flabbergasted at the tiny reduction in operating expenses despite a 1/3 reduction in sales and 1/4 reduction in units. The non-depreciation part of "cost of sales" (COS) went from 412.9M to 375.3M, only 9%. MG&A was actually UP! The only positive thing to say about expenses is that prepaid expenses went up 16M, about 2% of total expenses. Hopefully, this is all 'A' within MG&A. Also, to confirm my last post, where I speculated that the increase in PPE may be due to some capital equipment coming "online" and therefore countable as PPE, the percentage increase in depreciation from March 31 to June 30 is only slightly less than the percentage increase in PPE. This is exactly what you would expect if the assets came online early in the quarter. Petz