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

To: Joey Smith who wrote (45940)	1/14/1999 1:11:00 PM
From: Jeff Fox	Read Replies (2) \| Respond to of 1573341

Joey, Analyst Kumar is getting rather colorful... According to Kumar, "With pricing pressure and product transition issues ahead, AMDs risk profile makes Brazil look as though it deserves a AAA rating." Jeff

To: Joey Smith who wrote (45940)	1/14/1999 5:47:00 PM
From: Thomas G. Busillo	Respond to of 1573341

Joey, the Kumar who's bitching about AMD not giving a heads up, this would be the same Kumar who raised his own 4Q rating up to .21 last Monday from .13 right? Dow Jones 1-11-98: Shares of Advanced Micro Devices Inc. (AMD) gained more than 9% Monday after Piper Jaffray Inc. analyst Ashok Kumar lifted his fourth-quarter earnings estimate to 21 cents a share from 13 cents. "Strong processor shipments are expected to have driven revenues up 17% sequentially and 31% year-over-year to $805 million," Kumar said in a research note. "...This compares to our prior revenue estimate of $800 million." An increase in processor revenue helped expand Advanced Micro's gross margin, Kumar said. So that Kumar, the guy bumping up his estimates 3 sessions before the actual earnings release (gee whiz, Ashok, this sounds familiar) by .08/share, in excess of 60%, that's the same guy who's crying (with ludicrous inaccuracy)... "When you're going to post numbers only about half of the consensus estimate, you've got to give a heads up," said Ashok Kumar, PC hardware analyst for Piper Jaffray. Excuse me Mr. "unsung hero", but... ...what the frig' do you get paid for? C'mon, Ashok. You are Mr. "no guts, no glory". YOU raised your estimate; not Jerry Sanders. So why don't you just suck it up instead of looking like a whining finger-pointer who is willing to bask in the "glory", but unwilling to admit his own failures. Any horses ass can open his mouth. How you react to failure is where the real "guts" come into play. Good trading, Tom