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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Eric K. who wrote (4216)	8/9/2000 10:27:34 PM
From: Mani1	Read Replies (1) \| Respond to of 275872

Eric, AMAT reported a 15% revenue growth, but 11% booking growth. Clearly the "growth" is decelerating. No big deal if this business was not perceived to be so cyclical. If you have a sine curve, when the second derivative turns negative (like it has for AMAT, function is revenue over time) you know the top is very close. If AMAT had reported a booking of $3.4 billion, this would not be the case. I for one do not buy all this cyclicality stuff, but the market does and the market decides what AMAT and the rest of the sox will trade at. Street is convinced that sooner or later the market turns down and all these companies will start losing money. I do not buy that for a second (sorry Kash). AMD is bargain at current prices, no question about it. But just because it is currently a bargain, it does not mean it won't be a better bargain next week. Just ask Niceguy :) I was confident about CSCO numbers and AMAT numbers (booking is where I was worried). I am not confident about DELL. Mani