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

To: steve harris who wrote (121509)	8/2/2000 2:54:11 PM
From: Bob Howarth	Read Replies (3) \| Respond to of 1575420

Steve. I don't get it. If CSCO in March got AMD to supply their flash for 3 years, then what in heck is everyone selling AMD for? Did market expect AMD to default and not supply the flash? What am I missing? How does flash price in a long term contract get set? Is CSCO bargaining the price down?

To: steve harris who wrote (121509)	8/2/2000 3:29:43 PM
From: tejek	Read Replies (1) \| Respond to of 1575420

Steve, I doubt that you missed these recent CSCO comments but just in case, here is again. That's what I was referring to, and not the purchase agreement between CSCO and AMD. The irony of all of this is that CSCO was trying to reassure the street that it would make earnings next week....instead it got investors freaked about AMD. That's another example of Rob S.'s bearish indicator....CSCO was saying a good thing but it hurt another stock in the process. That how ridiculous market sentiment has become.....which leads me to think that a $63 price for AMD is as stupid as a $200 on a dot com that has an EPS of <$10>. Inversely they are both inappropriate and are more reflective of a manic/depressive market than reality. ted ____________________________________________________________ Cisco Says Supply of Memory Chips, Other Parts Is Improving Burlingame, California, Aug. 1 (Bloomberg) -- Cisco Systems Inc., the world's largest maker of computer-networking equipment, said the supply of flash-memory chips and other parts for optical- networking gear has improved this quarter. ``We have seen dramatic improvement in (the) supply chain this quarter,'' Carl Russo, vice president of Cisco's optical-networking group, said at the Opticon 2000 conference in Burlingame, California. Cisco in May said that any persistent shortages of flash or other components could hamper the San Jose, California, company's ability to meet analysts' expectations. Makers of everything from cellular phones to electronic organizers have said they could have shipped more products if more parts had been available. ``The biggest supply issue for all of us has been flash,'' Russo said. ``Some of the cell-phone makers may have over- forecasted their demand'' for flash, freeing up parts for optical equipment made by Cisco and others. Cisco shares fell 2 to 63 7/16 in late trading. They've gained 19 percent this year. Aug/01/2000 15:28 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.