Rande, yea, I agree with you on AMD's market acceptance. Plus, with a p/e under 30, it might even qualify as a value play - lol:
smartmoney.com
Actually, you'll love this anal-yst doublespeak:
TODAY - from Rick Whittington:
Semi Downgrades : Banc of America analyst Rick Whittington downgrades Advanced Micro (AMD 28 15/16 -1 9/16) and Intel (INTC 62 15/16 -2) to MARKET PERFORM from STRONG BUY.
Now, from this story less than a week ago the same Rick Whittington says the complete opposite (link then pertinent excerpt is below):
smartmoney.com
Even with all the encouraging evidence, however, investors remained jumpy Friday. Or, as Banc of America Securities chip analyst Richard Whittington put it, the market looked "weak-kneed." In a note to clients Friday, Whittington described (perhaps with a hint of exasperation?) a market that's being twisted and pulled by tech bears.
"Let's see," he began, "low interest rates, high profits, strong economy, tech secularity, scared investors, confused investment pros. Great Q3 earnings coming up quick, lots of conferences, big Q4 on the horizon, lots of conferences, big 2001 outlooks, lots of conferences. Is it really so hard to figure this one out?"
LOL - must have been pretty hard for Whittington to figure out. One week he is exhasparated because the chip market is weak when he believes it should be strong for all the reasons above - so, whats he do, decides to downgrade the chips a week later even though nothing has changed. bandwagon jumping or manipulation - you make the call :) |
