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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 214.96+5.5%Nov 24 3:59 PM EST

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To: Joe NYC who wrote (73779)3/7/2002 6:16:01 AM
From: andreas_wonischRead Replies (3) of 275872
 
Joe, Re: I have been AMD shareholder on this board, and I have questioned probably half of the decisions AMD made. You seem to be content with every single decision Intel makes, until Intel makes a reversal, and then you support the new decision

IMO this sort of thinking can be seen with most Intel investors. That's probably because Intel made some very good decisions in the past (otherwise they wouldn't have become the number one semiconductor company) and for those that held the stock for ten years or more it was very profitable. If you are an Intel investor you expect that development to continue (although for the last two or three year it hasn't), so there's no reason to question Intel decisions. After all they have done almost everything right in the past, so why should this change now?

If you are an AMD investor the situation is completely different: AMD screwed up so many times that you have to permanently question every decision they made if you want to made money with the stock. If you don't, your investment is going nowhere. That explains IMO the different thinking of Intel and AMD investors (of course, there are always exceptions). Intel investors usually trust the management and expect them to act in the shareholder's interest. AMD investors have to be a lot more cautious.

My opinion is that you should be constantly question management and decisions on every stock you are holding. The biggest problem is to "get in love" with a stock and ignore certain (negative) developments.

Andreas
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