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

To: Joey Smith who wrote (56886)	4/30/1999 2:29:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1589273

PaineWebber reiterated its "neutral".AMD needs > $800 MM rev to break even in Q4. PaineWebber reiterated its "neutral" rating on Advanced Micro Devices (AMD: news, msgs) following the company's analysts meeting. PaineWebber said its expects "losses for at least the next two quarters," and said AMD won't return to profitability until the fourth quarter, as revenue needs to be over $800 million to achieve profitability. AMD's K-7 microprocessor is set to launch in June. PaineWebber analysts said their 1999 estimate for AMD is a loss of $1.25, compared with First Call's calculation of a loss of $1.09. AMD shares rose 5/16 to 16 13/16.