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

To: Yousef who wrote (53820)	4/1/1999 12:57:00 AM
From: Yougang Xiao	Respond to of 1571808

Yousef: <<Do you think the market will respond "favorably" to this news. Somehow, I think that this will further "depress" the AMD stock price, IMHO>> I tend to think that the market will treat the rescheduling itself as an non-event. The number wont change regardless whether out on 4/6 or 4/14. The real story is why they do the rescheduling. Obviously, they do not need extra days to count their losses, much less an Alpha 64 bits box is needed for the counting! It has been explicitly implied by Jerry's 300 job cut announcement that there is a restructuring program underway and will be announced in full details on 4/6 as originally planed. It is also reasonable to assume that the street is aware of such program to be announced soon. Now, AMD needs that extra 8 days to either sort the big cuts out, or fine tuning its presentation of the restructuring. The restructuring will involve big charges plus the operational losses to be digested in both Q1 and maybe Q2 as well. The question is open as to how the street will view the underlying message of the restructuring -- to make AMD more CPU centric. It may or may not be viewed favorablly in short run. Until the announcement date, I dont see the stock will move big time in either direction baring external market factors