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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: shamsaee who wrote (1523)	4/5/2000 3:02:00 PM
From: tekboy	Respond to of 22706

cuf might be more impaired than most...good thing can has a strong stomach... Princeling Watch from Briefing.com 09:30 ET ****** Advanced Micro Devices Inc. (AMD) 61 1/8: The chip sector should get a lift this morning after this major supplier of integrated circuits for PCs and networked computers said that it expects to post record Q1 sales in excess of $1.06 billion. According to CEO W.J. Sanders III, AMD has experienced strong sales growth across all its product offerings as Flash memory and PC processors "reached new records in units and revenues." Mr. Sanders expects sales in the period ended April 2 to expand by 10% above its Q4 level. In Q4, AMD had sales of $968.7 million and earnings of $0.43 per share. For the current quarter, AMD is projected to earn $0.43 per share on sales of about $1.0 billion. According to Mr. Sanders, AMD has been a major beneficiary of the strong demand for chips at a time when Intel (INTC 132 3/4) has had problems meeting increasing OEM demand. Since the dynamics of the supply situation are not expected to change very soon, AMD should continue to benefit from strong chip demand over the coming months which should also help results in future quarters. Investors should not forget, however, that AMD has had a spotty sales and earnings record. The company has had a history of over-promising and under-delivering results. However, in the past couple of quarters, the company has managed to keep to its word and this has helped lift its stock to all time levels. As such, Merrill Lynch has already upgraded the stock this morning from a near-term "neutral" to an "accumulate" and from a long-term "neutral" to a "buy" ratings. At the same time, the firm has established a 12-18 month price target of $120. While the market is likely to get off to a slow start this morning, this issue should do well once the market settles down and probably help other chip makers in the process as strong chip demand seems evident across the board. - RN when I first bought my wvvat's, the common was around 55. It's now around 67. Of course, I was shaken out along the way because of the recent, ah, unpleasantness, but I still think the original point holds... --poster formerly known as cpmb/A

To: shamsaee who wrote (1523)	4/5/2000 4:47:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 22706

This thread has been too damn nice lately. due to high levels of testosterone including myself Oh yeah? You wish you had a high level, you wimp!