Replies to post #39977 on Advanced Micro Devices Inc (AMD)

[bobs10]

It certainly would have been a lot nicer if someone had the inclination to mention that fact. I doubt that we would have taken todays bath if it was generally known. Yesterday did all the INTC damage, today's drop was due to perceived AMD weakness.

[jhalada]

decaw,

Someone on SI found that Intergraph payment happened last Q.

Speaking of one-time items, there are 2 that I can think of:
- $13M change in Interest Income that was mentioned to be caused by some exchange rate related loss. Last quarter was probably more "normal"
- Minority interest: last quarter had a one time gain in positive direction. "normal" should have been negative last quarter (since flash made profit), by at least 5M.

Taking this into account (subtracting what looks like one time items), last Q net income would have been 40M, this Q would have been 45M. Earnings and eps of this Q would have followed operating income by being higher - which would be excellent for slowest Q2.

Another thing that is possible is that the minority interest entry is one quarter behind results. Not that it makes any sense to me why this would make any sense, but looking at the number reported this quarter, which is $6.5M, it is close to being 40% of 14M profit reported last Q.

Joe