Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Dan3 who wrote (104082)	4/11/2000 11:02:00 PM
From: Jim McMannis	Read Replies (1) of 1570288

From CNET...and Niles speaks...go Danny go. "The Internet is not the only place where people are trying to determine what to pay for these stocks," said Dan Niles, an analyst with Robertson Stephens. He added that the market's slide since mid-March has brought valuations for some companies to more reasonable levels. One of the more interesting phenomena is how several big-name semiconductor and PC companies have managed to gain ground while the markets have fallen since March. Intel is up 9 percent, Advanced Micro Devices has climbed 44 percent, and Micron Technology is up 14 percent since the Nasdaq peaked in March, Niles noted. "At a certain point, valuations matter and investors will look for big companies that have earnings and will be around for a long time," Niles said. AMD, meanwhile, gained about 104 percent during the previous quarter, compared with a gain of around 60 percent for Intel. When it posts earnings tomorrow, AMD is expected to report a 10 percent rise in revenues for the first quarter compared with the fourth quarter. Typically, chip companies' sales fall from the fourth quarter to the first. "

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