As a part of my due diligence of amd and intc, i looked at any number of articles re these two companies as well as their financial statements and histories. The part of the post you referred to essentially reflects what i have read and heard during my research. A recent article was in thestreet.com but i don't believe i can post it because it is a subscription site; however i will get its title and post it to the thread. In fact because of your interest i will go back and review my dd notes and see if i can post some of the other titles for you.
Essentially the argument was that with the advent of info appliances, the market for pcs would be reduced. INTC is active in both the retail pc and server chip markets, and it was suggested that ias would have a significant enough impact on the pc market that intc's control and dominance would be diminished in general. The two market niches you discussed were were not singled out in the articles i looked at. I might remind you that this is speculation similar to the kind we see was made by prudential securities in their recent earnings report or for that matter, by intc investors who suggest that amd is sitting on a stockpile of k-6 chips that they can not sell and other purported amd rumors. I thought i was careful to distinguish between fact and fiction.....do you disagree?
As for your comments re cisco and microsoft, i think you misunderstood what i was saying. In the past 1-2 years intc has upped the level of acquisitions it is making which may or may not be like csco or msft .....my point is that these acquisitions coupled with the current and probable future price wars are costing significant dollars and intc can not afford to "weather the storm" or in other words be complacent. And i took that one step further and suggested that we investors, whether it be amd investors like myself or intc investors like i presume you are, can not afford to be complacent. I think my comparison was to the dell investors. Aren't you concern that intc may be losing its once enviable position in the market place?
Regarding amd being cheap, I based my comments to some degree on those of t. lafountain's when he was comparing nsm's stock price to amd's but i simply believe based on my due diligence that amd's stock is cheap in the current market place Although nsm has a growing analog business, i believe amd's upside potential is significantly greater than nsm's and that the market is currently undervaluing amd. I never buy a stock based on what its price may be if taken over........i believe its a stupid way to invest for many reasons that i do not want to get into here.
Amy j, i will try to get back to you by monday on at least thestreet.com article.....even if you are not a subscriber, a friend may be and then can print it out for you. BTW i have noted that your postings are well thought out, articulate and very detailed oriented and so it is with some disappointment that i saw how you amended my tag, aping p. engels which, of course, was a clear attempt to denigrate much like he does with others on the amd and other non intc threads. I thought you were above all that. I am sorry to learn otherwise. |
