Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: James Yu who wrote (25521)	11/5/1997 5:44:00 PM
From: Investor A	Read Replies (1) of 1579131

James, When INTC drops $50s(I don't wait for $40s), I will buy one share for souvenir. Don't buy INTC at 50s! This is a crazy stock market. All the stock price will be over-reacted to reality. You might save $40 when INTC drops to its current bookvalue. There is a chance that it might fall through the book value bottom line. When IBM ME debuted their copper chip and expressed no intention to license the related technology to others, it simply cut INTC book value into half as the usual 5-years-depreciation-schedule on fab has to be shortened to 2 years. All the wall street analysts are afraid to mention this matter to their clients. However, it would eventually show up on table. Guess why Andy Grove wanted to talk to small investors today? Be patient! You could save 40 dollars from your one share of INTC souvenir.

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