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

To: Petz who wrote (27894)	1/14/1998 9:11:00 PM
From: Maverick	Respond to of 1572802

of safety surrounding the company's strategy. "We only can go forward and deliver this baby. We must continue to spend on capital expenditures for Fab 25." Thus far, Sanders acknowledged, the yields from Fab 25 have been disappointing. The loss of $12.3 million or 9 cents per share for the fourth quarter ended Dec. 28 was not as large as some Wall Street analysts anticipated. The First Call consensus Wall Street estimate was a loss of 9 cents per share. AMD posted sales in the quarter of $613.17 million, an increase of 3 percent compared with the preceding quarter and 23 percent compared with the similar quarter one year ago. AMD chief financial officer Marvin Burkett said the company's cash position will be affected by the 0.25-micron gamble. "Certainly, for a while, cash is going to be tough," he said. "We will deplete cash probably in Q1 and Q2." AMD has been unable to meet demand on the hot-selling K6 processor. The company's K6 sales were up 26 percent over the immediate prior quarter to $190 million. The company met its objective in increasing unit shipments by 50 percent to 1.5 million units and shipped "all of them," Sanders said.