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

To: Dan3 who wrote (85532)	7/22/2002 6:31:15 PM
From: wanna_bmw	Read Replies (2) \| Respond to of 275872

Dan, Re: Benchmarking I know you, Dan. You will keep on arguing and arguing until the cows come home that the Intel favored benchmarks are bunk, while the AMD favored benchmarks are the only real way to test a system. I am not going to continue that train of logic, since the argument is moot to begin with. Instead, here are what the analysts are saying about AMD (and these are from the bullish ones, too!). ------------ Hans Mosesmann, analyst with Prudential Securities, reduced his bottom-line targets for the full year and for 2003, but he kept a "buy" rating on AMD's stock due to the fourth-quarter release of AMD's new Hammer products, which the company reiterated were still on track. "The stock in our opinion already incorporates all the near-term PC market and market share dynamics relative to Intel," said Mosesmann, according to a morning research note. marketwatch.com ------------ Merrill Lynch analyst Joe Osha also said that the new Hammer products should make AMD more competitive, but that tough times are in store until launch time. He cut his earnings targets out to 2003. "To stem market share loss, we believe AMD will continue to sacrifice pricing and margins," he said in a morning note to clients. "We believe the competitive strain on AMD's bottom line will get tougher still in the third quarter and the fourth quarter, especially if end market demand does not pick up." marketwatch.com ------------ UBS analyst Thomas Thornhill also lowered price target for the chip maker to $7 from $9 as he expects AMD to lose more market share to its larger competitor Intel Corp. (NasdaqNM:INTC - News). "Based on our view of AMD's processor product line and its current competitive position, we believe that the company will continue to report large losses for the next several quarters," Thornhill said in a research note. biz.yahoo.com ------------ Dan Niles, semiconductor analyst at Lehman Brothers, estimated that Intel shipped about 31 million processors, down 8 percent from the first quarter. The disparity of the decrease between the two suggests Intel gained market share. Also, AMD suggested on the call that more PC processors were shipped in the second quarter than ended up in PCs or notebook computers. If that were the case, as it was in the first quarter, it could mean excess inventory of processors from both Intel and AMD, Niles said. "If it's true, it's pretty troubling for the third quarter," Niles said. "And the reason you give it more credence this time around is because it happened last time." biz.yahoo.com ------------ Analysts had expected a third-quarter loss of 34 cents a share on revenue of $673 million, on average. These estimates are likely to be reduced. marketwatch.com ------------- So you see, Dan, nobody gives a crap about ScienceMark or COSBI. Whatever Intel is winning in, the analysts all agree that AMD is losing market share, and likely to lose more next quarter. It's really useless trying to explain this to you, though, since you have an abundant trove of information that convinces you that AMD is winning the performance race, and that it will somehow contribute to their bottom line. And this is even despite the clear, bold, red ink that covers their financial statements for the last 4 quarters. The entire industry has already written off AMD's lackluster K7 line. It's already out of sight, and the only thing left is AMD's next generation. That's why Hammer means everything to AMD. It's the last trick up their sleeves. It's everything, or nothing. Better hope it goes off with a bang, and not a whimper. wbmw

To: Dan3 who wrote (85532)	7/22/2002 6:37:33 PM
From: wanna_bmw	Read Replies (3) \| Respond to of 275872

Intel Readies Earlier Rollout of 3.0 Ghz Pentium 4 (AMD is in for a world of hurt. MSS at 16% and dropping....) biz.yahoo.com SAN FRANCISCO (Reuters) - Intel Corp. (Nasdaq:INTC - News) is moving up the introduction of its Pentium 4 processor running at 3.0 gigahertz, an industry source said on Monday, as the world's largest chipmaker looks to tap the benefits of efficiencies in its chip manufacturing. Santa Clara, California-based Intel, the world's No. 1 chip maker, now plans to have the processor to PC makers in time for the year-end holiday shopping season, the source said. Intel had planned to introduce the 3.0 gigahertz Pentium 4 processor, the brains of a personal computer, by the end of the year. In additional, Intel also is accelerating the introduction of its Pentium 4 running at 2.80 gigahertz, bringing that product rollout to the third quarter, compared with a prior introduction date in the fourth quarter. When Intel introduces new chips, it typically drops prices on the Pentium and Celeron processors it already has on the market. The accelerated introductions also put Intel farther ahead of its rival, Advanced Micro Devices Inc., in terms of the clock speed of its processors. By the of the current, third quarter, Intel will be selling a Pentium 4 chip running at 2.8 gigahertz, compared with 1.8 gigahertz for AMD, with its Athlon processors. wbmw