Jozef,
<<The reason AMD is not fairly valued is because the market expects AMD to be crushed by Intel day after tomorrow.>>
I think there are many reasons why AMD isn't fairly valued, and agree that one of the most important is that problem of 'perception' that the street has of AMD which often seems to overshadow the story of its fundamentals. IMO, Sanders on balance just adds to the problems AMD has in delivering a clearer picture of its status, and in his, and the company's, failure to recognize that influencing information and opinion is just as vital to success (as measured by share price) as producing good products. I think this failure ranges from 'passive' negligence, such as AMD's primary response to INTC's getting dragged down on earnings warning being "we're in our quiet period" (and subsequently getting its price trashed along with INTC), to Jerry's active alienation of an already skeptical financial community with ill-advised bragging and, dare I say it, outright psychopathic lying at times. Hector Ruiz seems to have his share of drawbacks - he's not a very magnetic guy, his communication skills don't seem to be top notch, but hopefully he'll improve with experience in being in the spotlight, and at least he won't represent the danger of being a 'loose cannon' that Jerry does, IMO. |
