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

To: ajbrenner who wrote (47095)	1/23/1999 5:15:00 PM
From: ajbrenner	Respond to of 1574108

AMD upgraded by S&P Advanced Micro Devices Outlook Revised To Stable By S&P Dow Jones Newswires NEW YORK -- Standard & Poor's affirmed its ratings on Advanced Micro Devices Inc. (AMD). The outlook has been revised to stable from negative. S&P said: "Ratings on AMD reflect the company's challenges in executing its business plan in a very competitive market. Sunnyvale, Calif.-based AMD manufactures Windows-compatible personal computer microprocessors and other semiconductors. The revised outlook recognizes the operating and financial progress that AMD has made during the last several quarters. "AMD had achieved a good market share in the low-priced PC market segment with its "K6" series of microprocessors, but it does not yet offer products for the higher end of the consumer market nor for the professional market. Still, the company exceeded its forecasted production volume levels for 1998, while the extent of its performance shortfalls have diminished. Price pressures and difficulties in fine-tuning its processes towards high speed chips have prevented it from reaching its targeted $100 unit price level in 1998. "Improved chip speeds and presumed higher prices for the soon-to-be-released "K7", along with expected penetration of additional brand name PC companies, could lead to some sustained improvement in operating profitability in 1999. Nevertheless, long-term prospects are challenged by Intel's rapidly proliferating product line, aggressive pricing policies, and substantially greater balance sheet strength, in addition to Intel's R&D, marketing, and manufacturing prowess. The company's other product lines continue to face difficult market conditions." Affirmed ratings Corporate credit rating B Bank loan rating B Subordinated debt CCC+ Senior secured debt B

To: ajbrenner who wrote (47095)	1/24/1999 10:49:00 AM
From: ajbrenner	Respond to of 1574108

Whats for sale today in New Jersey Circut City Desktops Packard Bell- Celeron 333 (1/8 front page) Compaq- K6-2 400 (all AMD systems on the center page) Compaq- K6-2 350 Hewlett-Packard- K6-2 333 Laptops Compaq- 2 different K6-333 systems Tops (All system on 1/3 of back page) Desktops Compaq- 300 MII Compaq- K6-2 350 Laptop Sony- Pentium MMX 233 OfficeMax (all systems are in the centerfold) Desktops Hewlett Packard- K6-2 333 IBM- K6-2 350 Laptop Compaq- K6-2 266 CompUSA Desktops Hewlett Packard- K6-2 333 (2/3 fron page) Hewlett Packard- Celeron 366 Hewlett Packard- Celeron 400 Hewlett Packard- PII 400 NEC- PII 350 CompUSA- PII 400 IBM- K6-2 400 Laptops IBM- Pentium MMX 300 Compaq- PII300 I count 4 AMD systems who's ASP should be on the better side of $100.00 ajb