Replies to post #45121 on Advanced Micro Devices Inc (AMD)

[conductor]

Droids are really dense. The concenssus ...

LOL. Best not to make errors when calling other people stupid.

The AMD release says that earnings will be up Q over Q but not as much as expecteed.

The release says nothing of the sort.

It is probably the case that earnings will be below $0.14, but the release only says that earnings and GMs will increase from Q2, and that revenues will be slightly lower.

In addition the release notes that CPU revenues will be significantly higher, and CPU asps will be higher.

Here is the release, so you may see your errors:


AMD Updates Third Quarter Outlook
Monday October 4, 7:19 pm ET
Anticipates Sequential Gross Margin Improvement and Net Income Growth on Slightly Lower Sales

SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 4, 2004--AMD (NYSE:AMD - News) today announced that net income for the third quarter ended September 26, 2004 is anticipated to increase from the $32 million reported in the second quarter of 2004 despite slightly lower sales. The company's prior guidance for the third quarter was for sales to be up moderately from second quarter sales of $1.262 billion.

"Our gross margin and net income are expected to improve sequentially from the second quarter of 2004, largely due to significantly higher sales and stronger ASPs in our processor business," said Robert J. Rivet, AMD's Chief Financial Officer. "Although third quarter sales are anticipated to be lower than projected due to softness in our profitable Flash memory business, sales in our microprocessor business remained strong driven by increased demand for AMD64 processors."

AMD will report its third quarter 2004 results after market close on Thursday, October 7, 2004. AMD will hold a conference call on this day for the financial community at 2:30 PM PT to discuss third-quarter financial results. A real-time audio broadcast of the teleconference will be provided at www.amd.com and www.streetevents.com. The webcast will be available for ten days after the conference call.

[fastpathguru]

I missed the memo stating it was open-season with the name-calling.

I see this a lot from the Intel crowd lately.

Wishing AMD's warning was as bad as Intel's?

We already know that AMD's profit will be up sequentially.

Will Intel's, after dropping the guidance midpoint by ~$300,000,000?

fpg

[Tiger64]

uh...I think your going to be in for a rude awakening...read my previous quote from what AMD management said about earnings...flash sales not as high as expected...cpu sales going through roof...I think $.10 per share is really conservative unless AMD has some additional huge capital expenditures...