NEW YORK, June 6, 2002, (PRIMEZONE) -- StockDiagnostics.com announces that Advanced Micro Devices, Inc. (NYSE:AMD), OPS (Operational-cashflow Per Share) increased 35 % for its first-quarter ended March 31, 2002 versus its same quarter ended March 31, 2001. For the twelve-months ended March 31, 2002, OPS decreased 63% as compared to the prior 12-month period.
For the first time in its last five fiscal years, Advanced Micro Devices has had positive OPS increases for three consecutive sequential quarters. In this instance this is significant since the semiconductor industry is known to be cyclical.
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For the first-quarter ended March 31, 2002, Advanced Micro's computed OPS increased 35% to $.62 as compared to $.46 for its first-quarter ended March 31, 2002. In the trailing 12-months ended March 31, 2002, Advanced Micro's OPS decreased 63% to $.68 as compared to its OPS of $3.08 for the comparable trailing 12-months ended March 31, 2001.
What is OPS?
OPS(TM) stands for "Operational-cashflow Per Share". It is derived from the line item "Cash Flow from Operations" which appears in a company's quarterly and annual Cash Flow Statements filed with the Securities & Exchange Commission. "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding. After conducting in-depth research on Operational-cashflow Per Share, StockDiagnostics.com determined that OPS can be used to measure the quality of a company's EPS and for monitoring its overall financial health. Cash Flow from Operations is a company's financial lifeblood and a sudden decrease in it can drain this lifeblood, causing an increase in debt, share dilution, share price erosion, and in the more extreme cases, bankruptcy. For more information on OPS go to: http://www.stockdiagnostics.com/member/ops.htm
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