Lewinsky-Dan - Here's another great call by Needham - a STRONG BUY on AMD - when AMD was at $72.50 (Pre-split) !!
So all the suckers that listened to Needham and bought AMD at that time have seen their investment drop from $36.25 to $14 !!!
That's a 61% drop - thank you NeedHELPham !
Paul
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To: dougSF30 who wrote (3104)
From: Maverick Monday, Jul 31, 2000 8:17 PM ET
Reply # of 3222
Detail of Needham's AMD upgrade to ST BUY
July 31, 2000 09:01
Needham Upgrades Advanced Micro Devices To Strong Buy (AMD)
(NewsTraders.com)-- Advanced Micro Devices (AMD) jumped to "strong buy" from "buy" in Needham & Co.'s investment ranking grid as analyst Dan Scovel issued an upgrade today due to the recent price weakness seen in shares of the semiconductor manufacturer.
Shares of Sunnyvale, Calif.-based Advanced Micro recently crossed between investors at $72.50, higher by $1.50 intraday, however, well off of the 52-week high of $97.00 achieved on June 5.
"Management indicated to us late-Friday that it has excellent visibility and continues to see very strong flash memory market conditions at least through the end of 2001," Scovel said in a research note.
The analyst, who has a $115 target on the stock, said overall bookings for Advanced Micro continue to remain very strong, with flash memory, K6-2 and Duron microprocessors nearly booked to capacity.
Scovel maintained his 2000 revenue and earnings estimates at $4.95 billion and $5.14, respectively.
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