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

To: Charles R who wrote (104849)	4/13/2000 12:33:00 AM
From: niceguy767	Read Replies (1) \| Respond to of 1577883

Charles R: Re: "I would seriously urge this thread not to get into a la-la land like what is seen on some internet threads (or even RMBS). At the end of the it is the manipulators that come out ahead in those games. Comment: And what are your targets, then?

To: Charles R who wrote (104849)	4/13/2000 12:39:00 AM
From: zoya	Read Replies (1) \| Respond to of 1577883

//I would seriously urge this thread not to get into a la-la land like what is seen on some internet threads (or even RMBS). At the end of the it is the manipulators that come out ahead in those games.// I agree with you.From the posts here, I can see that a whole lot of people own a whole lot of call options.One even said that he owned something like 400 call options.That is something that worries me.With option expiration only a week away, there may be an aggressive attempt to let those options expire worthless.

To: Charles R who wrote (104849)	4/13/2000 1:02:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1577883

Chuk, Saying AMD should be overvalued because the other companies are overvalued is a terrible way to look at things I think AMD can earn $6 reasonably safely, probably even without opening the Dresden Fab. Based on this, if you apply fairly conservative multiple of say 20 to 25, you still get $120 to $150, so the stock still has a way to go to reach a fair valuation. Joe

To: Charles R who wrote (104849)	4/13/2000 1:22:00 AM
From: tejek	Respond to of 1577883

I would seriously urge this thread not to get into a la-la land like what is seen on some internet threads (or even RMBS). At the end of the it is the manipulators that come out ahead in those games. Chuck, Your attitude seems a little harsh tonite. Yes, there is a lot speculation going on but its fairly harmless and its coming off the energy of a great earnings report. Enjoy it; tomorrow we face the cold reality of the markets. Having said that, I agree with the thread that AMD is undervalued....not compared to the net or momentum stocks but compared to the S&P. Assuming an EPS of 3.50 to 4, I do not think a stock price of $120 to $140 is out of the question.....remember not only is AMD experiencing accelerating earnings but its revenue growth YOY is up there....75% and should remain there until Q4, 2000. Unusual for a mature company. Maybe we won't see $300 but $75 will be a distant memory wherever we end up. JMHO. ted

To: Charles R who wrote (104849)	4/13/2000 8:58:00 AM
From: Dan3	Respond to of 1577883

Re: Saying AMD should be overvalued because the other companies are overvalued is a terrible way to look at things... Hi Chuck, I really don't think that's what needs to happen. Things are looking good for AMD to gain a reasonably sized share of the corporate market in the second half. In such a case, their costs would remain the same, but their revenues would double (due to the higher ASPs in that market - an extra $200 for a machine that has an additional 6 months to a year of productive life as an asset is a no-brainer). AMD could (not will, but more likely than not) be looking at $2.5 Billion dollar revenue quarters with costs not much greater than they are now. Quarterly earnings per share would be in the area of $6. What, these days, is a decent P/E for a stock that isn't overvalued? 12? 12 * 6 * 4 = $288. ($280 was my guess for a year end stock price posted on January 3 of this year - I still think that's pretty much a minimum) Regards, Dan