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

To: Maxwell who wrote (45504)	1/11/1999 8:46:00 PM
From: kash johal	Respond to of 1583406

Maxwell, Put me down for $1Bn Q4, $1.00 EPS, $115 ASP, 6M Sold. The estimates were spot on for last quarter, so I figured I would raise the average a tad. PS, Thanks for keeping the estimates going. Regards, kash

To: Maxwell who wrote (45504)	1/11/1999 8:50:00 PM
From: ajbrenner	Respond to of 1583406

Todays estimate from Kumer (UPDATE) Piper Jaffray Raises Earnings Target On Advanced Micro Devices Dow Jones Online News, Monday, January 11, 1999 at 17:06 NEW YORK -(Dow Jones)- Piper Jaffray Inc. analyst Ashok Kumar raised his fourth-quarter earnings estimate Monday on chip maker Advanced Micro Devices Inc. by 62% to 21 cents a share on expectations for stronger-than-expected growth. The mean estimate of analysts surveyed by First Call put AMD's earnings at 18 cents a share for the fourth quarter, compared with a year-earlier loss of nine cents on revenue of $613.2 million. The Sunnyvale, Calif.-based company plans to report earnings after Wednesday's market close. Advanced Micro shares (AMD) rose $3.938, or 14%, to finish at $31.938 on Nasdaq volume of 9.6 million, well above the daily average of 3.8 million. Kumar's bullish outlook comes a month after brokerage firm BT Alex. Brown raised its fourth-quarter estimate, citing stronger-than-expected demand for the company's K6 family of microprocessors - the "brains" that run most personal computers. AMD's chips are generally cheaper than those made by its larger rival Intel Corp. (INTC). AMD has been able to grab several big supply contracts as the PC industry focuses on machines that cost less than $1,000. In October, AMD reported third-quarter profit of $1 million, or a penny a share - its first time in the black in five quarters. Revenue rose 15% to $685.9 million. "Strong processor shipments are expected to have driven revenues up 17% (from the third-quarter) and 31% year-over-year to $805 million," Kumar said. That "compares to our prior revenue estimate of $800 million." Separately, Sutro & Co. analyst C.B. Lee Friday said he expects AMD to report better than expected fourth-quarter earnings of 25 cents a share, compared with his earlier estimate of 20 cents. "Strong demand for K6 microprocessors should enable AMD to post significant improvements in revenues, gross margin and an EPS that should easily top the consensus estimate of 18 cents a share," Lee said. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.