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Politics : Formerly About Advanced Micro Devices

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To: Racso who wrote (54443)4/6/1999 1:40:00 PM
From: RDM  Read Replies (3) of 1582937
 
AMD may be a very good investment at 16

I own AMD stock. I am not selling any for less than 30. It has been to 30 many times. The stocks knows the way quite well. If you had bought at 16 and sold at 30 during the past few years you would have made a lot of money.

The stock may go down some next week when the details for the last quarter come out. That is what everyone on this thread has been saying. This means to mean that probably it should go up when the bad news is announced because it is not as bad as people expect.

AMD is a very volatile stock. It goes up and down a lot. It is not for the cautious investor. Caution is not always good.

The K6-III is now shipping. The 400 Mhz and above K6-2 are shipping in volume. The prices on everything are coming down. New parts are being introduced at very high prices to give room for coming down.

AMD will ship a few K7s within a few months and will try to ship a lot of K7s by the fall. Initially K7s will be 500-600Mhz and probably be reaching 700-800MHZ by December. Support chips and motherboards are not as far developed as the K7 chip and may cause delays.

Probably AMD will announce a layoff next week and a $50 million dollar restructing charge as well as a $50 million dollar loss from operations.

Estimates are that they will break even next quarter. I am a long term holder of AMD because I believe the K7 will surpass Intel in speed. Once the production levels are up the profits in my opinion will flow. This is such a lively thread because some Intel investors reside on this thread to observe the activity of this most dreaded competitor to Intel.
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