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

To: that_crazy_doug who wrote (102603)	4/6/2000 2:43:00 PM
From: Goutam	Read Replies (1) \| Respond to of 1574780

that_crazy_doug, > I think the insane part is price target from 56 to 58. How can you set a $58 price target, and then issue a buy on the stock when the stock is trading in the 70s. Either you think it's going to 58 and you should have a strong sell or sell, or the price target should be at least above 70. I vaguely remember reading about Tad's downgrade from strong buy to buy many weeks ago - when AMD shares were trading at low fifties. I believe it was posted here. I also believe the highest estimate that you see in the Yahoo - analysts' consensus table was by Tad. I just remembered receiving an email from Boris Markov who posts on JCs message board - here it is: ------------------------------------------------------------- Date: Wed, 15 Mar 2000 12:23:34 +0100 From: Boris Markov <********> To: ********* Subject: Yahoo research?? Hello Goutama 1) On the Yahoo Research board AMD lost a "strong buy" but didn't get a downgrade anywhere. Did we loose a coverage or is yahoo buggy? 2) In the EPS estimation by analysts, the max EPS used to be .72 (or .74?). Now its down to about 0.54$. Once I read that the former .72$ max number were by Tad LaFountain. Did he downscale his estimations? That would be a bad sign, cause he (and Dan Niles) tends to be quite accurate. And Niles wasn't so positive about AMD lately. Hm, overoptimism is a long time companion among AMD investors, I remember. I'm including myself in this, have to say. Best wishes from Switzerland, Boris Goutama

To: that_crazy_doug who wrote (102603)	4/6/2000 5:05:00 PM
From: Charles R	Respond to of 1574780

<I think the insane part is price target from 56 to 58. How can you set a $58 price target, and then issue a buy on the stock when the stock is trading in the 70s. Either you think it's going to 58 and you should have a strong sell or sell, or the price target should be at least above 70. > I have not seen Tad's report so can't comment on the details. However, let me say that Tad's system can be eccentric at times. Tad typically has a very rational explanation to go with his reports - does not necessarily mean other rational people will agree with it ;-)