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Technology Stocks : Intel Corporation (INTC)
INTC 48.38+2.3%3:44 PM EST
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To: Elmer who wrote (164783)5/1/2002 4:33:19 PM
From: L. Adam Latham  Read Replies (2) of 186894
 
Elmer:

Re: Dell/AMD rumor

Here's the last two sentences of the article:

Sanders also had a shot at the conference sponsors. "Merrill Lynch said AMD was a dying company in 1980, but if you had bought the stock then you could be as rich as I am," he said.

I checked this out, and the average price of AMD in 1980 was around $4.80 - that comes out to about a 4% compounded return. If you can't beat Treasury bonds over a 22-year period, you are a dying company.

Intel averaged around $.41 in 1980, for a compounded return of approximately 21.5%. Sounds good to me.

Adam
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