AMD:News, Press Releases and Information Only! Message Board

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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 219.83

+1.1%

3:59 PM EST

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To: Brian Hutcheson who wrote (1784)	10/28/1997 7:37:00 PM
From: Ali Khaman	Read Replies (1) of 6843

Brian - With AMD's dreamt earnings I don't understand how it can find support at the $24 level as it is. Aside from the speculators, I anticipate that traders will flip this stock in a range slowly losing interest until it spirals slowly downward. If the production of the K6 is a good example for AMD handling the K7, I would be hardpressed to agree with you on AMD's "lower" costs. At this point AMD has merit as a specualtion grade stock looking unattractive even in the teens. Remember AMDs problems in the early 90's took this puppy down to $6 and a lovely PE of 4....and at least then they had earnings on the sheet. Good luck to the rest of you!

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