Cramer hedged a little in the evening, saying if dollar stays weak or weakens more and as a result bonds weaken to 5 1/2%, then LTCM is off the hook and liquidity returns to the market. On the other hand, he says that what is more important is that he still doesn't see many companies that are doing well. I think AMD, and REH's question the other day concerning AMD, (i.e., why is AMD going down following earnings report) are a good example of the trouble facing many industries--even though AMD's market share is increasing dramatically, they aren't making money because of the tight margins--it costs them too much to win. The people on the Micron thread are familiar with this type of game because that is exactly what the DRAM business has been for several years. They knew immediately what was happening when they saw AMD's numbers, and apparently so did the market, as it chopped the shares 30% since the report, (albeit in a severely down market, but, still, all semi shares didn't get that treatment).
AMD signing on is very nice. I'm just curious, though--since AMD is keeping their options open with their chipsets, how big a difference in retail price will there be between a computer with and without "Rambus inside"?
wily
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