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

To: Goutam who wrote (79642)	11/12/1999 12:04:00 AM
From: Charles R	Respond to of 1573924

<It could really wipe out the shorts that haven't covered their short positions yet. > With AMD's reputation a lot of new shorts will take their place. I am sure there will be plenty of shorts on this stock for a long time to come. From now on, I expect to see a lot of gapped opens whenever the stock sees even mildly good news. <The AMD positive outlook also may encourage more infrastructure partners to join the Athlon Bandwagon - no?> Yes.

To: Goutam who wrote (79642)	11/12/1999 1:20:00 AM
From: Mani1	Read Replies (2) \| Respond to of 1573924

Goutama Re <<Some how, I have an inclination that most of the shorts position holders are Intel stock holders. If true, it could have a very short term negative effect on Intel stock because they may have to dispose some of their Intel position to fund the AMD short covering.>> I don't think so. Intel has a market cap of about 65 times AMD. So even if 5% of AMD's shares are shorted by INTC share holder (I am sure the actual number is much less than this) that would be less than 1% of Intel's market cap and waaay less than a avarage daily volume for INTC. So it will have near zero effect. On the other hand, if 0.25% (1 out of every 400) of INTC longs want to change their position into AMD, look out! :) Mani