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

To: tejek who wrote (121786)	8/4/2000 11:36:09 AM
From: tejek	Read Replies (1) \| Respond to of 1573849

<font color=green>Latest revision to AMD's EPS estimates shows the 2001 EPS higher than the 2000 EPS.....$5.22 vs $5.16.....first time in several months.....definitely good news!! * *Numbers are from Zack's Research ____________________________________________________________ EPS ESTIMATE REVISION TRENDS Q3(9/00) Q4(12/00) Cur.Yr.(12/20) NextYr.(12/01) Current Mean 1.26 1.55 5.16 5.22 7 Days Ago 1.26 1.57 5.15 4.70 30 Days Ago 1.25 1.56 5.13 4.69 60 Days Ago 1.28 1.51 5.10 4.52 90 Days Ago 1.24 1.54 5.07 4.29 Number of Revisions Up(Last Week) 4 5 6 11 Down(Last Week)6 4 6 0 Up(30 Days Ago)6 6 7 11 Down(30 Days Ago)6 4 6 0

To: tejek who wrote (121786)	8/4/2000 11:46:05 AM
From: Road Walker	Read Replies (2) \| Respond to of 1573849

Ted, Thanks for posting the interesting BW article. A point of reference: One year ago last Friday, the S&P 500 was selling at 34.62 times trailing earnings. As of last Friday, it was selling at 27.87 times earnings. In the same time frame the S&P 500 was up 6.8%. It's pretty obvious that the market doesn't value earnings as highly today as it did a year ago. Part of that is interest rates (10 year T's below 5% a year ago; 6% now), but I also think the market is more skeptical of future earnings growth. At any rate, it will be interesting to see if earnings continue to grow at double digit rates. And if they do, will the equity valuations start to reflect the same growth? Or will the market continue to discount earnings growth until we get back to a traditional market valuation, say, 20 times trailing earnings? Just thinking out loud as there doesn't seem to be much news today. John