Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim McMannis who wrote (31651)	4/9/1998 5:53:00 PM
From: AK2004	Respond to of 1570679

Jim, ALL - S&P downgrade Jim,well if dell would loose some I am sure that cpq and ibm would more than make up for it. Both of the companies should see improvements after inventory would be sold. ALL, S&P downgraded both existing debt and new 1B fillings. While existing is no big deal for the company the new financing would be more expensive. Ouch, I would think that is the reason for AMD's volatility today the main reason is release of Celeron by Intel They gotta be joking Regards -Albert ps the rating existing new(preliminary) old BB- BB-/B new B B/CCC

To: Jim McMannis who wrote (31651)	4/9/1998 6:22:00 PM
From: Maverick	Respond to of 1570679

AMD Says K6 Yields Solved, But Has It Turned Corner? (04/08/98; 9:56 a.m. EST) By Mark Hachman, Electronic Buyers' News "We're back!" crowed Advanced Micro Devices' chairman and CEO W.J. Sanders III, celebrating the company's successful transition to higher manufacturing efficiencies. Even though AMD [AMD] shares moved lower, opening down 1 7/8 to 28 5/8 in early trading, Wall Street seemed to agree with Sanders. Still, any jubilation was tempered by the fact that the Sunnyvale, Calif., semiconductor manufacturer (company profile) reported Tuesday a net loss of $55.8 million, or 39 cents a share, on sales of $540.9 million for the first fiscal quarter 1998. Wall Street was expecting a loss of 29 cents a share. Sales fell in microprocessors, memory, and communications products, with only the company's Vantis PLD subsidiary recording a mere $1 million increase over sales in the fourth quarter of 1997. The company eked out a nominal improvement over the 1.5 million K6 microprocessors it produced in the fourth quarter. The company did not comment upon yield specifics. But Sanders also revised downward its K6 production estimates for 1998: Because of its well-publicized yield and manufacturing problems, 12 million K6 units can be considered the maximum production for the year, he said. Earlier, Sanders said he predicted 1998 production would be 15 million units. "We are now back on track for the steepest processor ramp in our history," Sanders added. To maintain that ramp, the company will have to make 2 million or more units in the second quarter, he said. But AMD is also courting new buyers for the parts. "AMD has turned the corner," agreed Michael Lins, analyst for Cowen & Co., in Boston. The company showed obvious confidence in describing its past problems, now apparently solved, he said. In March, Sanders said, AMD began 0.25-micron, 300-MHz K6 shipments "in the tens of thousands" to a single customer, earlier identified as IBM. Over the next quarters, AMD will ship hundreds of thousands of 300-MHz parts to a broader base of customers, he said. More than 10 percent of AMD's total first quarter K6 shipments were on a 0.25-micron process, and half the company's new wafer production is also on the new process.