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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Cirruslvr who wrote (60917)	6/8/1999 1:14:00 AM
From: Paul Engel	Read Replies (1) \| Respond to of 1573135

Cringe - Re: "I guess analysts are being smart with AMD this time and sticking to the "wait-and-see" approach. Remember that $80 price target an analyst gave AMD in '97? They don't want to get burned again. I can't think of one of the big analysts who hasn't gotten burned by AMD since '97." One of them gave AMD a $90 price target - either Edlestone or Erika Klauer. Edlestone even reiterated his $4.00/share earnings estimate for AMD in 1998 the DAY AFTER AMD announced an UPCOMING LOSS in September of 1997. A $4.00/share PROFIT ! He believed every line of crap that AMD fed him ! In case you forgot, AMD LOST $0.72/share for all of 1998 - so Edlestone was OFF by $4.72 - or 85% ~! Paul