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

To: Tenchusatsu who wrote (107041)	4/20/2000 3:37:00 PM
From: Kenith Lee	Read Replies (1) \| Respond to of 1573857

Why should his price target be so unimportant? Your Intel option won't be up for exercise. By then, he may upgrade Intel again based on value (after the correction). You should thank him since your option may be repriced and you get more bangs for the buck.

To: Tenchusatsu who wrote (107041)	4/20/2000 3:44:00 PM
From: tejek	Read Replies (1) \| Respond to of 1573857

Ten Ted, <What is going on in your place of employment that these things like poor planning are allowed when Intel has had a reputation for manufacturing prowess?> I really don't know the story behind the alleged "poor planning," if it should even be called that by anyone besides AMD cheerleaders. I'm sure the downturn in semiconductors back in 1998 had an effect on Intel's misprediction of demand. If you think this is more AMD cheerleading, you are seriously deluding yourself. The downturn in 1998 was a normal part of a semi/chip cycle; all the semis and semi equipment makers were effected; however not one of the semis is as capacity strained as Intel and Intel is in the part of the chip business that is growing the slowest. <I believe you zeroed in on one of the least important of his comments> Why should his price target be so unimportant? The guy just downgraded INTC from "hold" to "avoid." Obviously he thinks the price of INTC will drop like a rock. And obviously that worries me, since I might have a handful of INTC shares and options. The downgrade and any subsequent price drop is the result of past mismanagement. Nothing can change that now; its already a done deal. That's why its the least important comment. I would focus, instead, on what can be done now to prevent it from happening in the future.....in order to prevent future downgrades and price drops. That's all. If his reason for the downgrade is the notion that Intel is now being run by a bunch of buffoons (please, all you in the peanut gallery, no smart-alec comments), then I'd like to hear it. But I don't think an understandable misprediction of demand should be the sole reason for such a downgrade. They are little chipzilloids and not buffoons. LOL Seriously, I don't think anyone thinks those guys are idiots but I am surprised there is not any visible reaction from shareholders and the Board of Directors. Predicting future production I would think is just about everything in manufacturing.....your success or failure hinges on it. Its considered an important part of a firm's execution ability. Intel should be getting a ton of downgrades but its not because its Intel. I would suggest you listen to Lafountain, I think he is one of the more honest analysts......certainly he does his own thinking which is refreshing. ted