Niceguy, I think you'll get a kick out of this one.
Analyst says "Buy AMD shares"
Forecasts $20
By Mike Magee, 07/12/2001 12:28:00 BST
ROBERTSON STEPHENS' analyst Eric Rothdeutsch, who incidentally, was asking Intel questions at its financial mid quarter meeting yesterday evening, has re-issued a "buy rating" on AMD stock.
But the same analyst has told his client that he is unconvinced Intel is achieving "robust PC sell through" and says the stock is fairly valued at current levels.
Rothdeutsch, who like rival Eric Ross at Thomas Weisel, has been advocating AMD as a good buy for some time now, appeared to accept the firm's statement that sales will be 10 per cent better quarter on quarter, because of greater demand for its Athlon XP which beats the Pentium 4 on price and performance.
It has raised its 12 month AMD price target from $16 to $20.
Robbie Stephens said demand for the Athlon XP is "robust" and demand for the part has increased because of a "spillover effect from Intel's inability to satisfy demand at the faster speeds."
As we reported here earlier, AMD has sold out of XP 1500s and 1600s, while the 1700s, 1800s and 1900s are subject to a strong order book.
The analyst said he estimated "blended" ASPs for XP at between $120 to $125. µ
theinquirer.net
I'm thinking, after hearing last night's CC, that there's room for downgrades in intc.
And I'm sure You'll like this.
Before the Bell: AMD and Intel Climb
NEW YORK (Reuters) - Equity index futures were mixed on Friday as shares of Advanced Micro Devices Inc. (NYSE:AMD - news) rose in pre-open trading after the No. 2 maker of computer microprocessors gave an upbeat outlook.
Shares rose to $17.95 from a close at $16.25. On Thursday after the close, Advanced Micro said quarterly sales would top prior expectations on strong sales of its new Athlon XP chip.
Intel Corp. (Nasdaq:INTC - news) rose to $34.45 from a close at $34.16. The computer chip giant boosted its fourth-quarter sales forecast on Thursday after the close, indicating it now sees sales at the high end of its previously forecast range of $6.2 billion to $6.8 billion, and may exceed that. Intel now expects fourth-quarter sales of $6.7 billion to $6.9 billion.
Equity index futures suggested stocks were headed for a mixed but essentially little changed open. December futures for the S&P 500 index fell 1.80 points to 1,166.70 while futures for the Nasdaq 100 climbed 1 point to 1,725. Futures for the Dow Jones industrials lost 6 points to 10,102.
dailynews.yahoo.com
tgptndr |
