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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.18-2.1%Dec 2 3:59 PM EST

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To: Road Walker who wrote (77659)4/18/2002 2:32:32 PM
From: tejekRead Replies (1) of 275872
 
The other side of the argument is that those PC's will never need to be replaced, that they are good enough for everything most business folks do. If you believe that then both AMD and Intel are hugely expensive stocks.


John, I think most people are still on that treadmill of more memory, more speed except the treadmill has slowed down some and people have become more discerning. Traditionally, AMD's and INTC's stock has been motivated by the XMAS selling season and I plan to buy back in sometime in June to take advantage of that ramp up. The size of the ramp will depend, I think, on whether IT spending has picked up. The fact that it is still dragging has me concerned and makes me wonder how real this economic recovery is.

In general, I think there is still some stock overhang left in tech and consequently, the Naz as a whole won't really begin to revive until next year.

ted
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