Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Scumbria who wrote (46172)	1/15/1999 12:23:00 PM
From: Jadrew	Read Replies (1) of 1573674

Value of Analysts: Just spent a little time on Yahoo looking at the "Analysts" historical ratings for AMD. After AMD had risen from $18 range in early March to approximately $28 in late March/early April, the only rating changes were upgrades at the higher price (Volpe Brown, BA Rbtsn Stphs, Prudential, Piper Jaffry, NB Montgomery). The stock subsequently fell to $13 in early September. Volpe Brown did manage to get their clients out July 9th at $16 (a downgrade) for a minimal 40% loss. Given the latest price decline, out comes the latest downgrades AFTER the drop. Now I know the analysts don't like to have buy ratings on stocks that has fallen 30%, so changing their rating AFTER the FACT always occurs. That Fact is revenue shortfall of 4 cents a share, about $6 million or about a buck per ASP. Congrats to Needham & Co. And thanks Intel for selling me your PII 450 (or was it a 300A celeron - I forget) for $80. Must have made a big margin on that sale.

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