Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.43

+6.2%

Dec 19 9:30 AM EST

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To: Daniel Schuh who wrote (18166)	11/8/2000 2:41:29 PM
From: Petz	Read Replies (1) of 275872

Dan S:<Intel as a mutual fund has come up before. The thing is, mutual funds shares are usually bought and sold at approximately book value> As a mutual fund, Intel's total market value was 0.84 per share plus $2.00 per share of cash. Since closed end mutual funds generally trade at a discount to market value, and because the market value of Intel's securities has declined since October 1, Intel should be trading no higher than $2.75 when valued as a mutual fund. If one looks at AMD, however, they have 0.85/share in long term investments (29M equities, 5M bonds, 266M joint venture) plus $3.50/share in cash, so AMD valued as a mutual fund would be worth $4.25. Of course, both company's "mutual funds" resemble money market funds more than equity funds. The $34M in AMD equities and other long term investments is from AMD's 2nd quarter 10Q, all other info is from the respective company's 3rd quarter earnings releases. Petz

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