Advanced Micro Devices Inc (AMD)

[bobs10]

I wrote off Henri's comments as more "promise less and deliver more".

If you think about it things are a lot different this q than q4. For instance there's Sun and HP and all those comments about portables(Emachine amongst others) and China. Then there's AMD's complete dominance of the high end 32 bit chip market, not to mention a monopoly on 64 bit machines, both servers and retail. And this is without even considering flash where channel prices have gone through the roof. I know AMD is tied up in LT flash contracts, but a lot more volume(20%?) should have come online this q. A lot of that probably was not contracted for at the old prices.

The only way that I could see AMD not doing better than $.12 is if there was a huge increase in costs for some reason. Otherwise a lot more dollars should have fallen to the bottom line.

As far as volume goes we were up around 12M shares awhile ago. We ended Friday at 11M average, so volume hasn't been anything to write home about. But your probably right about some of the new money looking past q1. Still AMD has to meet expectations or there will be a correction.