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: AK2004 who wrote (28266)	2/13/2001 1:07:08 PM
From: Joe NYC	Read Replies (2) of 275872

Albert, Tough report. Based on what he said here: Thus, we find the argument that Intel is cheap hard to swallow for three reasons: There is no certainty that PCs will recover in 2001, let alone lead the industry out of this downturn. Intel is already trading at twice its historical multiple. There is more downside risk to INTC's earnings. We therefore downgrade our rating to a Hold rating from a Buy, and we recommend investors sit on the sidelines with any PC-component stocks until visibility and demand rebound, and valuations return to realistic levels. He could have just as well rate it "sell". Joe

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