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

To: Elmer who wrote (48291)	2/3/1999 8:09:00 PM
From: Yousef	Read Replies (1) \| Respond to of 1572387

Elmer, Re: "I wonder if Maxwell quit posting because he knew about a yield crash out there in MegaFlop25?" Surely Elmer, Maxwell would have told his friends on the AMD thread ... Or at least put it on the AMD "private thread". You know when I have a concern about AMD's process capability, I always immediately put it on this thread. <ggg> Make It So, Yousef

To: Elmer who wrote (48291)	2/3/1999 10:31:00 PM
From: Maverick	Respond to of 1572387

AMD shares tumble amid rumors on cancelled appearances SAN FRANCISCO, Feb 3 (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - news) shares tumbled almost 14 percent Wednesday after the chip maker confirmed it has cancelled two upcoming appearances at technology investment conferences amid a slew of rumors about upcoming negative news. Scott Allen, an Advanced Micro Devices spokesman, could not comment any further except to say that AMD had cancelled its appearance at the NationsBanc Montgomery Securities technology conference Thursday morning. He also said AMD cancelled its appearance at a Goldman Sachs technology conference next Tuesday. ''We are not adding anything to the record other than confirming that we cancelled,'' Allen said. Meanwhile, traders and analysts speculated on what could have prompted AMD's cancellations. Most of the speculation centered on AMD's Vantis Corp. subsidiary. Late Tuesday, AMD said Richard Forte, president and CEO of Vantis, resigned abruptly. ''I would think it is something related to Vantis,'' said Ashok Kumar, an analyst at Piper Jaffray, adding that he believes Forte was forced to resign. ''That division is underperforming and someone has to take the fall.'' Vantis develops programmable logic chips for communications and industrial applications. Kumar said that Vantis's revenues have been flat at an annual run rate of about $220 million for the past three years and that some of the company's products have missed their shipping dates. ''It was initially thought of as an IPO or an outright sale, so it is clearly not in the best of conditions for either one of those options,'' Kumar said. ''It represents 10 percent of sales, but it is a drag on earnings.''