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

To: tejek who wrote (115066)	6/8/2000 6:47:00 PM
From: ptanner	Respond to of 1572207

ted, The information only affected the timing of when Yahoo reported events. I agree it takes time for this to be observed by retail investors. With regards to the "lower" Y01 estimates -- I think that most here believe that the analysts are being too conservative as witnessed by the last 2 quarter's blowouts. While the E in P/E may appear to be growing slower with the resumption of taxes, I think that the P/E ratio that investors will be comfortable with will rise due to reduced perception that AMD will soon be crushed and that it has indeed put together a string of progressively better quarters. A similar effect in the earnings growth will result from the sale of the Comm division. Recall that AMD when reporting 1Q00 numbers carefully noted that while the gross YOY revenue gain was very good, it was even better when you adjusted for the prior Vantis earnings. I will consider your question more this evening or this weekend when I have some more time. It is a situation similar to what APPL has recently undergone (I have a link but want to re-read it first) -- though AMD has a much greater marginal profitability so I believe the potential earnings are likely to be much more dramatic and could readily overcome the tax drag. FWIW, the "Next 5 Years Growth Estimate" on Yahoo has been steadily increasing, from 17.3% on April 17 to 21.2% currently so someone is becoming more optimistic long-term. PT

To: tejek who wrote (115066)	6/8/2000 6:58:00 PM
From: Joe NYC	Respond to of 1572207

Ted, So the fact that AMD now is being effected by the markets is a concern. We are gathering strength <g> Joe

To: tejek who wrote (115066)	6/8/2000 7:51:00 PM
From: eplace	Read Replies (1) \| Respond to of 1572207

Ted So the fact that AMD now is being effected by the markets is a concern. Ted I believe AMD's following the Nasdaq should not be a concern, but who really knows for sure? AMD moved from 66 to 97 in a relatively short time span. It was due for a breather. We may or may not be due for a breakout real soon. It may stay pretty neutral for quite a number of trading days as you suggested yesterday. However, going into July and especially if Jerry gives a little upward guidance, the stock should begin to move again. Actually he has given plenty of guidance, but it seems only this thread and a few others have picked up on it. I think the century mark before options expiration is not very likely though. Ed P. Ed P.

To: tejek who wrote (115066)	6/8/2000 9:05:00 PM
From: TGPTNDR	Read Replies (1) \| Respond to of 1572207

Ted, Re: <When the Naz tanked, starting March 10th, AMD hardly budged; in fact it went on to make several new highs. > It seems to me that AMD typically reacts a day or so after the NAZ semi stocks on both the up and down side of market news. It had me wondering for a while, but I finally just put it down to a delayed reaction of a couple of days before people realized that AMD was in the same biz as the semis on the NAZ. Another case of an an inefficient market? That's the best I've been able to figure out. Let me know if you've got another idea. tgptndr