Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joe Fang who wrote (4931)	1/31/1997 8:47:00 AM
From: Paul Bush	of 1577651

You Guys Make me laugh. As an AMD stockholder, I for one am glad about the NextGen purchase. Although the Book Value of AMD was affected negatively, The streets perception of the companies future has increased dramatically. Now I am no market Guru, but I know enough to realize that stocks tend to increase based on future prospects, not book value. If stocks traded based on book value, the mighty INTC would not be selling for $150 a share. As far as the NextGen purchase goes, AMD was going down the s**ter before the next NextGen purchase. Way behind INTC and losing any market share they once had. The only thing that propelled AMD from a $5 a share company to a $35 a share company was the revenue from the 386 and 486 processors. Without the NextGen purchase AMD was dead in the water killing themselves spending money trying to keep up on technology they were never going to catch up with. Now with the NextGen purchase, AMD is like David with his slingshot and rock in hand (K6) with dead aim at the forhead of the mighty Giant (INTC), and all the INTC followers are trying to justify staying with a stock that has been so good to them over the years. To question the NextGen purchase at this time would only be coming from an INTC follower trying to justify his position in INTC by looking for anything bad he can find about AMD instead of looking at the facts. The facts are clear. With the K6, AMD will have a strong position in Windows compatable processors for the first time ever. This cannot have anything but an adverse effect on INTC's earnings as they no longer have a monopoly and the luxury of setting prices as they deem fit. Looking at the current trend in the price of AMD stock I think NextGen would have been a bargain at twice the price. AMD not only is back in the game as far as processors are concerned, but with the NextGen purchase, they also have the talent to carry them on to the next generation. What kind of price can you put on that? Just my 2 cents. Paul

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