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

To: Jim McMannis who wrote (94805)	2/23/2000 3:59:00 PM
From: steve harris	Respond to of 1570363

Jim, Gateway going nuts today. biz.yahoo.com Maybe a few "Athwipes" helping Gateway a little? steve Wednesday February 23, 3:44 pm Eastern Time Gateway sees $30 billion in sales by 2004 SAN DIEGO, Calif., Feb 23 (Reuters) - Gateway Inc. (NYSE:GTW - news), the second-largest direct seller of personal computers, on Wednesday set a goal of reaching $30 billion in sales by 2004 and said it aims for most of its profits at that time to come from sales of items other than personal computers. Gateway, based in San Diego, also said it expects those so-called non-system sales, culled from non-PC sales, to hit 40 percent by the end of 2000, which is 10 percentage points higher than its previously announced goal for the year. In 1999, Gateway had sales of $8.65 billion and earned $427.9 million, or $1.32 a share. Gateway also announced other efforts to boost sales in services and other areas. It said that it will team up with Sun Microsystems Inc. (NasdaqNM:SUNW - news), the largest seller of computer servers to Internet service providers and Web sites, to provide big-business customers with Gateway computers and Sun's Internet-based computing solutions. It also announced plans to create 1,000 Gateway-managed ``stores within a store' at OfficeMax (NYSE:OMX - news) stores, similar to Apple Computer Inc.'s (NasdaqSC:APPL - news) successful stores in CompUSA Inc. (NYSE:CPU - news) outlets. The company also announced plans to partner with eSoft (OTC BB:ESFT.OB - news) to provide small businesses with upgradeable Internet solutions. Gateway's shares were up by just over $9 to $66.25 in early afternoon New York Stock Exchange trading.

To: Jim McMannis who wrote (94805)	2/23/2000 4:05:00 PM
From: Elmer	Read Replies (2) \| Respond to of 1570363

re: "The biggest problem with AMDs stock price is that it competes with a Gorilla (Intel). If AMD got out of the chip business the stock would probably go up, no joke. As it is now the street still sees AMD having to fight a crusade uphill all the way. AMD should take some of it's new found money and strengthen other areas that perceptually don't compete head to head with Intels process technology and capacity. The street would drive the stock to the sky." Others have been saying this for years and they got trashed for it. If AMD did the smart thing they would convert Dresden over to Flash pronto. They are dropping Athlon prices to dump excess inventory. Intel has now got it's act together and a huge wave of CuMines is descending on the marketplace. Dresden is a white elephant. The only thing that keeps them from doing the smart thing is Jerry. How could he blow our money fighting Intel if all he cared about was long term profits?