Advanced Micro Devices Inc (AMD)

[bobs10]

On Smith Barney conference

The thing I found most interesting was the question, after the presentation, asking about how well the quarter was going for PC's. Bob said the while sales were tracking normally AMD was taking market share from the "big dog". He also pointed out something we have talked about over and over. That being the need to AMD to not be a one trick pony and how AMD now competes in every sector so that the "big dog" can't shift pricing. He also talked about ASP's increasing for 4 quarters in a row now, which bodes well for the quarter.

All in all pretty much what I expected. Flash seems extremely strong, but we should also see very good gains from processors. $.20 still seems to be obtainable.