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Politics : Formerly About Advanced Micro Devices

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To: Petz who wrote (75513)10/14/1999 2:47:00 PM
From: Paul Engel  Read Replies (2) of 1572446
 
Petz - Re: "ho-hum another Intel acquisition at 15X book value (DSP). Amortization of the goodwill on this one will decrease Intel earnings by 75M a quarter for the next five years. With 9.5M in net income in DSP's best ever last quarter, just subtract 65.5M/(3.556 billion shares) or 1.8 cents per share from Intel's earnings for the next five years. A billion here, a billion there, even for a company with 3.6 billion shares, it starts adding up."

You SHOULD feel panicy !!!!

Your beloved AMD is parting itself out - selling the furniture, headquarters building, profitable divisions - anything to help make the DEBT payments and meet the monthly payroll !!!

And AMD's nemesis is re-investing in excellent growth technologies such as CDMA Wireless chip sets, networking interface chips, Web Hosting centers, etc.

AMD has it's eye on today's expenses - and Intel has its eye on the future - 1,2 and 5 years down the road.

You should be worried about AMD's lack of any game plan - except for selling its body parts just to remain in the game.

Paul

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