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

To: tejek who wrote (153576)	10/17/2002 7:02:18 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1580716

Ted, <How do you reconcile the more optimistic guidance provided by AMD with INTC's more negative guidance. That's what surprised me.> The way I reconcile the difference is expectations. Remember that AMD is coming off of a HUGE revenue miss in Q3. This had already been priced into the stock, IMO. No one guessed that AMD would announce a return to break-even in Q2 2003, and that's what I think is driving the stock price now. Of course, AMD will get there through massive cost-cutting instead of growing revenue. I'm not sure how exactly they are going to do it, but they're going to do it nonetheless, it seems. Tenchusatsu