Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.11

+3.9%

Nov 26 3:59 PM EST

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To: AK2004 who wrote (9875)	9/22/2000 12:17:09 PM
From: James Calladine	Read Replies (1) of 275872

FROM THE STREET: <<<Advanced Micro Devices Shines on Badmouthing By TSC Staff 9/22/00 11:49 AM ET Advanced Micro Devices (AMD:NYSE - news) was up 3.4% in late morning trading despite the chip-sector slump and a downgrade to market perform from strong buy at Chase Hambrecht & Quist. Analyst Sudeep Balain also sliced his AMD price target to $35 from $75. Other semiconductor stocks continued to fall in sympathy with Intel (INTC:Nasdaq - news), even though Bear Stearns asserted that the chip bellwether's difficulties were largely confined to it and not industrywide. The Semiconductor Index was down 7.1%, with Applied Materials (AMAT:Nasdaq - news) off 7.3% and Rambus (RMBS:Nasdaq - news) off 2.1%. Intel recovered slightly but was still down 20.1%. >>>

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