Bill:
At a $90 ASP and record revenues and earnings and looking ahead at 25% revenue growth and increasing ASP's as server and mobile revenues come on stream, AMD should be at $50, even in a market under the spell of negative market sentiment...I know, I know...shoulda, woulda, coulda...but seriously, at $20, the market is discounting a terribly negative Y2001 for AMD from both a revenue and earnings standpoint, a remote possibility only if the P4, as a potential threat, lived up to all its pre-release hype, which, we all now, it didn't...Just as I don't get why INTC would release such a "lead balloon" as the P4, I don't get why AMD is currently trading in the $20 range... |
