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

To: f.simons who wrote (121294)	7/31/2000 4:24:04 PM
From: tejek	Read Replies (2) \| Respond to of 1574225

Without a time-frame these "targets" mean nothing. They all seem to do it, although sometimes you will see "12 month target is...." As an absurd example, if you had set a target of 95 on AMD in 1985, you would have been technically correct as of a month ago. It is just a way for the analysts to CYA. I agree it is not much of an upgrade. Doesn't even get up to Niceguy's day-after-earnings prediction of 120. Frank, I agree with your take on price targets. Unfortunately a lot of people pay very close attention to them. The bad thing about this one is that its a very conservative price target and I bet it will act to keep a lid on AMD's price rather than encourage people to buy. As if that isn't bad enough, all this analysts effort to get people to buy semis really isn't working....none of the semis are catching fire. It sucks. ted