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

To: Scumbria who wrote (45979)	1/14/1999 2:35:00 PM
From: Xpiderman	Read Replies (1) \| Respond to of 1578531

>>Downgrades from the analysts can only be interpreted as good news.<< Be careful what you wish for. Here is another batch of "Good news". DLJ downgrades chip maker from "top pick" to "buy" following last night's less than spectacular earnings report. CS First Boston maintains "Hold" rating on chip maker after reporting disappointing Q4 results; earnings driven by lower average selling prices and losses in non-CPU businesses; outlook grim entering the seasonally slower season; average selling price recovery an uphill battle until K7 chip enters the scene in the second half of 1999; lowers FY99 EPS estimate from $0.65 to $0.20 a share and establishes a FY00 EPS forecast of $0.40a share. BT Alex. Brown downgrades chip maker from "Strong buy" to "Hold". Nationsbanc Montgomery cuts Advanced Micro from "Buy" to "Hold" . Piper Jaffray Reiterates Advanced Micro as "Hold". Sutro & Co downgrades AMD from "Accumulate" to "Hold"