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AMD verwacht groot verlies tweede kwartaal '99

Dit is dan weer slecht nieuws voor AMD :

Advanced Micro Devices Inc. (NYSE:AMD - news), Intel Corp.'s (Nasdaq:INTC - news) main rival in microprocessors, said Wednesday it would post a much larger than expected loss for the second quarter, citing a sharp decline in prices and lower shipments for its K6 processors.

Sunnyvale, Calif.-based AMD said it would post an operating loss in the range of $200 million for the quarter ending June 27. Based on about 146 million shares outstanding, the loss would come to about $1.37 a share.

Wall Street analysts had been expecting a loss of about 40 cents a share, according to First Call, which tracks estimates.

In the first quarter, AMD reported a net loss of $128.4 million, or 88 cents a share, including a $15 million restructuring charge, or 81 cents a share, before charges, as production problems and steep price cuts hurt its earnings.

Despite substantially higher production of AMD-K6 family processors, AMD said it expected average selling prices and unit shipments would fall substantially below earlier expectations for the second quarter. AMD said it expected to produce more than six million AMD-K6 family processors, but it was unlikely to record sales of more than 3.7 million units.

AMD said pricing pressures in the market came from what it called very aggressive pricing of Intel's Celeron processors, and the liquidation of processors from Cyrix Corp. as it exits the market. Last month, National Semiconductor Corp. (NYSE:NSM - news), said it would exit the PC processor business it entered with its 1997 acquisition of Cyrix.

AMD executives said on a conference call that price-cutting by Intel during the quarter was so fierce that in some instances, they believed it was imprudent to match the prices of their Celeron chips. Selling prices for the K6 chip fell to the low $60 range in the second quarter vs. about $78 in the first quarter, AMD executives said.

``Overall, the K6 family of processor (average selling prices) took a beating,'' AMD Chairman W.J. Sanders III said on the conference call.

He said the company now expected that total revenues for the second quarter would be less than $600 million. That compares with $632 million in the first quarter of this year and $527 million in the year-ago second quarter.

Sanders said the second quarter operating loss would be offset by a more than $400 million pretax gain on the sale of its Vantis subsidiary, but added, ``these operating results are a bitter disappointment.''

Separately, AMD said it had begun shipping its next generation K7 microprocessor, dubbed the AMD Athlon, in speeds of 500, 550, and 600 megahertz.

The 600-MHz Athlon processor is priced at $699, the 550-MHz at $479, and the 500-MHz at $324 in 1,000-unit quantities. AMD's stock fell $1.06 to $18.03 in Nasdaq trading. The news was issued after the market closed.

Hopelijk heeft de Athlon de force aan de goeie kant .

Door Femme Taken


24-06-1999 • 02:13

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Bron: Yahoo News


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