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

To: Pravin Kamdar who wrote (135953)	10/12/2004 4:24:02 PM
From: dougSF30	Respond to of 275872

If it wasn't, they missed the avg EPS estimate by $0.004 Doug

To: Pravin Kamdar who wrote (135953)	10/12/2004 5:28:16 PM
From: Petz	Read Replies (2) \| Respond to of 275872

<Was the 3.6 cent tax benefit included in estimates> Not from what I'm hearing on CNBC, who says earnings were really a penny light. The tax rate was less than they forecast and the refund of Q2 taxes also was not forecast. Just as I predicted, the earnings report is proof that Intel is selling flash below cost to boost market share and hurt AMD disproportionately more than themselves -- ICG group net loss DOUBLED as flash revenues grew 9% and ICG non-flash revenues grew 1%. Yet, the 125M increase in ICG loss "only" amounts to $0.02 per share. AMD's flash profit was down $0.07/share, so I guess Barrett considers this a "successful" strategy. Petz