Lehman raises the firm's expectations for AMD with slightly higher sales and improving margins amid the company's positive play in the flash market and industry adoption of the company's 64-bit Opteron processor, the company in a report.

"We expect flash and microprocessor value player AMD to report solid Q1 results," Lehman said in the report. Lehman's estimates for the March quarter have edge upward from $1.169 billion and to $1.189 billion, with full-year 2004 moving from 22 cents to 31 cents earnings per share and 2005 estimates moving from 43 cents to 49 cents.

By: DocMemory
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