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

To: Paul Engel who wrote (37121)	9/17/1998 1:40:00 PM
From: Maverick	Read Replies (2) \| Respond to of 1570744

Kurlak raised AMD's 99 earnings to $0.70 from 0, said AMD gained mkt shr at INTC expense AMD profit view upped at Merill cbs.marketwatch.com By Krishnan Padmanabhan, CBS MarketWatch Last Update: 1:29 PM ET Sep 17, 1998 Tech Report SANTA CLARA, Calif. (CBS.MW) -- Advanced Micro Devices shares climbed 6 percent Thursday as a key analyst's increased earnings estimate sent the issue a lifeline while most tech shares sank amid global economic fears. Merrill Lynch's Thomas Kurlak, citing stronger sales of the chipmaker's (AMD) core K6 II product, raised his 1999 earnings estimates to 70 cents a share. Previously, the closely-watched analyst expected AMD to break even. Kurlak also pointed out that renewed demand was fueling higher average prices on microprocessors. At the same time, he said AMD is gaining market share with 30 percent sequential unit growth in the third quarter compared to 10 percent growth at AMD's much larger rival Intel (INTC). On Wall Street, AMD's stock rose 1 1/4 to 18 while Intel shares fell 1 15/16 to 83 1/8. However, the Philadelphia Semiconductor Index edged up 0.5 percent. The most glaring change at AMD was the 30 percent sequential increase in K-6 microprocessor shipments to Hewlett-Packard (HWP), IBM (IBM), and Compaq (CPQ). The estimated shipment increase in the third quarter and subsequent expected increases in the fourth quarter should return the company to profitability, Kurlak added. For AMD, the addition of 3-D features in its chips is helping it stake out ground in high-end PC market, dominated by Intel. In Kurlak's view, the K6 outperforms Intel's Celron 300A and 333 MHz chips, which lack the 3-D component and aren't expected to incorporate the technology until next year.

To: Paul Engel who wrote (37121)	9/17/1998 1:45:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1570744

Lehman Bros bought 100K AMD shares at 17 7/8 at 11:22 am Eastern Time

To: Paul Engel who wrote (37121)	9/17/1998 1:47:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1570744

Kurlak expects AMD to turn profit of $0.14 a share in fourth quarter compared to previous break-even estimate RESEARCH ALERT - Merrill ups AMD estimate NEW YORK, Sept 17 (Reuters) - Merrill Lynch said Thursday it raised its 1999 earnings estimate on shares of Advanced Micro Devices Inc. to $0.70 a share from break even, citing the greater success of the new K6 chip. -- Now expects AMD to turn profit of $0.14 a share in fourth quarter compared to previous break-even estimate. -- Expects AMD to report loss of $0.96 a share in 1998. -- Stock up 1-3/8 to 18-1/8. biz.yahoo.com