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

To: Steve Porter who wrote (107298)	4/21/2000 9:23:00 PM
From: niceguy767	Respond to of 1572613

Steve Porter: Re: "One word of caution. If Intel takes a valuation hit due to it's slowing growth, ignorant investors may view that a sign that Intel's marketplace does not support high valuations (regardless of earnings growth)... Just a word of caution ;) Comment: I appreciate the word of caution...As you no doubt sense, from a risk/reward perspective, for me AMD remains an overwhelmingly aggressive buy at $80 when pushed through my evaluation model, and consequently I remain heavily weighted in AMD, as has been the case since $20 in October...Tempering the risk that you present is the trend of increasing disengagement between INTC and AMD over the past 6 months as evidenced by the shrinkage in the share price ratio of INTC to AMD from close to 3:1 in November to today's 1.5:1...That indicates to me that increasingly AMD is insulated from any INTC shocks...not to mention Nasdaq shocks...and that is technically a very bullish trend! (I just don't see any other company as well positioned as AMD with respect to its own infrastructure (i.e Dresden coming on stream at precisely the right moment) and its positioning within its own industry (i.e. AMD is a world leader in both its major product lines and both markets for its major product lines are exploding)...The market at $80, imho, has not even nearly realized the stature of the AMD story that is currently unfolding...