"AMD is expected to lose 54 cents this quarter. If they were to beat expectations by $2.39 and instead post a profit of $1.85 per share, AMD would have a PE of over 700. Even the biggest fantasizers out there don't expect a profit of $638 million so the PE situation is much worse than 700"
Who taught you how to calculate a p/e...Not that it would happen, but if AMD earned $638M per year, their p/e would be less than 4