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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (21228)	7/8/1998 6:13:00 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

Here's a germane snippet from AMD release: (street # was .19 loss) Wednesday July 8, 4:51 pm Eastern Time Company Press Release AMD Reports Second Quarter Results SUNNYVALE, Calif.--(BUSINESS WIRE)--July 8, 1998--AMD today reported a net loss of $64,560,000 on sales of $526,538,000 for its second quarter, ended June 28, 1998. The loss amounted to $0.45 per share. ''The substantial growth in sales of AMD-K6(R) processors in the just-completed quarter couldn't offset the decline in sales from our Communications Group, our Memory Group, and Vantis(tm), our programmable logic company,'' said W.J. Sanders III, chairman and chief executive officer. ''Weakening demand in the worldwide semiconductor industry, coupled with continued price pressures on flash memory products, produced a substantial decline in revenues from our non-microprocessor business units. " Hadn't AMD already reduced earnings est. before this! Another notable is the weakness in prog. logic ...wasn't that the reason semis rebounded just a day ago right before close ..the "silver lining for the sector"?? Roy, thanks for earlier article links, good read.