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

To: Cirruslvr who wrote (44493)	12/31/1998 11:16:00 PM
From: Paul Engel	Respond to of 1577886

Cringely - Re: "Who cares!? AMD's chips sold out, according to an analyst. That is all that matters at this moment. " I think a statement from AMD to that effect would be more meaningful. Remember - that "analyst" is Erika Klauer - who predicted that AMD would earn $3.50/share in 1998. I'll clue you in - Erika was WRONG by about $4.00 ! Note - AMD was $30 in October, 1997 when she made that prediction - and declared AMD to be a "TREMNDOUS VALUE". Today, AMD is at $29 ! Paul {=====================================} Salomon Brothers Advanced Micro Devices (AMD STRONG BUY $30) Erika Klauer 52wk hi/lo: 47.37/15.75 FYE: Dec Shs Out: 140.3 mm Consensus EPS: 1997E: $0.26 1998E: $2.15 1999E: $2.25 1996A: ($0.51) 1997E: $0.20 1998E: $3.50 1999E: NA AMD conf call confirms that yield issues adversely impacted the co's ability to mfr 233MHz K6 processors during 3Q. * AMD's problem is a mfg problem, not a demand problem. The co is working aggressively on its yields and should see dramatic improvement by November. Selling the stock now would be premature! * Despite the 3Q set back, our outlook for 98 remains unchanged and our EPS est is still $3.50. We strongly believe that AMD's stock represents a tremendous value at these levels.