Paul,
<<I like your anti-AMD/Pro Intel stance on the AMD thread better than your Pro-AMD/Anti-Intel spiel on this thread.
Summing it all up, however, I'm forced to believe that you are actually as confused as you sound.>>
Actually, it would be more accurate to portray me as Anti-AMD/Anti-Intel at the moment. I just orient my comments to the stock represented by the thread.
Unfortunately, I just see AMD and Intel getting into a price war which won't help either company's stock. AMD will lose money, but not enough to put it out of business. INTC will make a lot of money, but not enough to maintain its current stock price.
I personally held on too long to INTC, selling out about a week or so ago when AMD's improved yields became evident (I had held INTC since Jan. 1996). This ended my last hope that INTC could create enough performance separation with AMD to allow INTC to maintain its higher prices and transition the market to Slot 1/P II without major competition. Furthermore, if AMD had continued its manufacturing problems for another quarter, it is likely that Celeron would have displaced the K6 at Compaq and maybe IBM. Now I would be very surprised if the K6 gets displaced anywhere.
I know that you and the other Intel stalwarts figure that AMD will find a way to screw up again, but I would rather not depend on that. If I'm wrong and Intel somehow gets its profit machine back in gear, I will get back in the stock.
Richard |
