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

To: Scumbria who wrote (45971)	1/14/1999 2:02:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1578433

4 Downgrades on AMD. Edelstone of MS is negative on AMD. Company Symbol Brokerage Firm Downgrade from: Downgrade to: Adv Micro Devices AMD Sutro & Co Accumulate Hold Adv Micro Devices AMD BT Alex. Brown Strong Buy Mkt Perform Adv Micro Devices AMD NB Montgomery Buy Hold Adv Micro Devices AMD DLJ Buy Mkt Perform It looks like Edelstone of Morgan Stanley will downgrade soon. Ditto Ashok Kumar of Piper Jaffray. ADVANCED MICRO DEVICES 23-15/16, down 7-11/16 @ 10:13 ET) reported 4Q earnings that fell short of analyst forecasts because of production problems, sending its shares tumbling in after-hours trading. The company said after the market closed on Wednesday it had net income of $22.3 mln, or $0.15 a diluted share, compared with a loss of $12.3 mln, or $0.09, in the year-ago period. Revenue rose 29% to $788.8 mln from $613 mln, but the results lagged analyst forecasts of $0.19 a share, according to First Call Corp. Although the scrappy chipmaker had made substantial progress since its huge loss last year, it tripped again in the 4Q because it couldn't churn out enough of the faster K6 II chips that customers wanted. "This was not a good quarter in terms of execution," said analyst Mark Edelstone of Morgan Stanley Dean Witter in San Francisco.