AMD's second Quarter Earnings Out

[damocles]

Nothing unexpected really. Gaining market shares at a cost of profit and stung a bit by poor flash memory sales


SUNNYVALE, CA --July 12, 2001--AMD today reported sales of $985,264,000 and net income of $17,352,000 for the quarter ended July 1, 2001. Net income amounted to $0.05 per diluted share, on 341 million fully diluted shares outstanding.

Total sales declined by approximately 16 percent, and on continuing businesses, by approximately 11 percent from the second quarter of 2000. Results for the second quarter of 2000 included approximately $63 million in sales from the company's voice communications business, which was sold on August 4, 2000.

Sales declined by approximately 17 percent from the first quarter of 2001, when AMD reported sales of $1,188,747,000 and net income of $124,837,000, or $0.37 per diluted share

For the first six months of 2001, AMD reported total sales of $2,174,011,000 and net income of $142,189,000, or $0.43 per diluted share. For the first six months of 2000, AMD reported sales of $2,262,466,000 and net income of $396,491,000, or $1.17 per diluted share."


link

 

[bigshooter]

Well the analysts all predicted $.04 a share, and they made $.05, so maybe now all the panic mongers will buy their AMD stock back and help my price go back up. That stupid scare a few days ago really pissed me off. Oh well, thats why I invest for the long run.

 

[Duvie]

Another article earlier pointed out during this 2nd quarter record tbird and duron shipments and sales. So price slashing has definitely cut into the revenues by reducing profit margin. Low overhead and damn near non-existent ad campaigns give them a bit of room without crumbling the bank.

Also it was reported much earlier that these flash-memory sales were going to be way down. I think the actualy decline can be probably attributed 75 percent of that alone.

Wait until INtel releases its info...Lets see if there is a double standard...probably drag amd's stock down as well.