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

To: Maxwell who wrote (31485)	4/8/1998 2:06:00 PM
From: Xpiderman	Respond to of 1573213

S&P Cuts 1998 Earnings Estimate for Advanced Micro to Loss S&P Cuts 1998 Earnings Estimate for Advanced Micro to Loss S&P equity analyst Megan Graham-Hackett lowered her 1998 earnings per share estimate for Advanced Micro Devices to a loss after the company reported a wider than expected first quarter loss. After Tuesday's market close, AMD posted a per share loss of $0.39 for the quarter, well below year-earlier earnings per share of $0.09 and worse than the $0.29 loss Wall Street had expected. Graham-Hackett maintains her hold ranking on the stock, which she thinks is fairly valued given the upside potential and risks.