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

To: Charles R who wrote (104866)	4/13/2000 12:51:00 AM
From: niceguy767	Read Replies (1) \| Respond to of 1577093

CharlesR: Re: "<And what are your targets, then?> I consider a semiconductor stock fully valued when it is has a leading PE of about 30 (any PE of over 30 is highly suspsect in this relatively cyclical business) Intel, THE market leader, historically traded below this PE for a long time. It took the "relative valuation" insanity for the PE to expand to 60. Comment: So when do you see AMD breaking $100 then? And how about $150...Personally I see $100 within short term sights (probably tomorrow) and $150 by the end of July (conservatively)...I'm not always right,particularly wrt to day trading, but I'm not afraid to venture a target and substantiate same!