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

To: Goutam who wrote (79488)	11/11/1999 6:03:00 PM
From: Charles R	Read Replies (1) \| Respond to of 1572763

Goutama, <I know you held on to your AMD position.> Yes, I did. I actually added a little bit after the conf call but didn't get execution until after the halt was lifted. I am a happy man today. My portfolio has been on a tear for the last couple of weeks. Haven't bothered computing but I am well north of 100% for the year. <What are your new plans to deal with your AMD position. What are your expectations for tomorrow and after that?> Nowadays in this industry even second rate companies with mediocre growth prospects get valued around 4 times sales. Going by that measure AMD should be worth about $24B (4x a conservative forward estimate of $6B in the next 4 quarters). This would put AMD at a minimum of $40. The upside depends on how generous the market gets on the PE. So, this is my target for until Q1 earning. After that I will have to look at Athlon penetration on the business side, look at Wilamette status and consider managment guidence. So, my target in a nutshell, is at least $40+ by Jan. If the momentum crowd kicks in we may get there pretty fast. Chuck