Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (118275)	6/29/2000 10:55:00 AM
From: minnow68	Read Replies (1) of 1574258

Ted, You wrote "I don't get the sudden weakness in the stock." I believe we have been showing weakness for several reasons. 1) Skittish investors. I believe that part of the baggage that comes with becoming the #1 performer in the S&P 500 for the year is that many people buy the stock simply because it has gone up. Investors like that will also sell simply because it has gone down. 2) Sequence of bad press. First it was a reported weakness in flash (dismissed as BS by several very credible sources). Then we had Intel bringing out some new chips (the 700Mhz Celeron just can't touch a Duron, but who knows that yet?). Now we get hit with the Pentium 4 announcement. Fundamentally, I believe nothing has changed with AMD. I believe AMD is practically minting money and has a shot at earnings of $8-$10 for the year. This is only the second time I have ever made a short term call on AMD. The other one was the time we dipped down to 66 and everyone was panicing. I'm not predicting this will be the bottom, but I am predicting that if you buy today, close your eyes until July 20th, and then open your eyes, you will be very very happy. Mike

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