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Technology Stocks : AMD:News, Press Releases and Information Only!
AMD 203.76-1.1%Nov 21 9:30 AM EST
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To: Paul Engel who wrote (2150)11/15/1997 10:27:00 AM
From: Mark Brophy  Read Replies (1) of 6843
 
Doesn't history repeat itself?

But the dynamics that drove AMD to $49 in the past summer no longer exist. At that time, the popular perception was that AMD was going to sell millions and millions (per quarter) of K6's at $200 to $400 per chip and take major market share away from Intel.

Most analysts kept their "hold" ratings throughout the big runup. Others figured that there's fire where there's smoke and raised their ratings at the peak. It's a cyclical industry and Sanders is a great salesman, so why shouldn't it happen again?

This time the K7 and/or a 0.25u K6 could generate some excitement. They probably wouldn't get any credibility until they solve their yield problems, but that's only a matter of time.

The question you really should ask yourself is, under the "bestest" of circumstances, how high can AMD go back up?

And, what better investment vehicles are out there that can do as good or better, with less risk?

AMD has broken too many promises to move back up to 40 again for a few years. Analysts need time to forget. Ordinary volatility might give it a trading range of 15-30.

I consider any company to be a low risk when it's trading at book value. They have to be losing major money to go lower. AMD's losses are fairly minor compared to their assets.

I haven't reinvested in AMD because I see a lot of good values today after the recent downturn.
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