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

To: Petz who wrote (123053)	8/24/2000 9:31:22 PM
From: tejek	Read Replies (1) \| Respond to of 1580363

ted, sorry if I sounded aggressive, I just read an opionion (Chic's) that I agreed with and your answers sounded like, "Well, everyone agrees that Cisco is a great company and always has been a great company, therefore it must be a great company." John, I just didn't want us to forget that we are friends, not enemies. And I may joke around a lot but I am very serious about my work.....with CSCO, I have looked at it for a long time, and watch their progress. Their networking business..switches and routers for the net...is strong and growing very well. In addition they are starting to pick up companies involved in fiberoptics, another fast growing business. They have bought approximately 40 small companies in the last year and they are masters at melding them into the company quickly and having them be accretive to earnings in two or three quarters....its unbelievable to watch. Nonetheless they are overvalued and in August, insiders sold off roughly $140 million in stock. Now that that is over, I am waiting to jump in when CSCO starts to move up. I can understand your concerns but CSCO has a track record that is very hard to beat and I want to make it a part of my core portfolio. I agree, but don't think its a good investment. As for the difference in net profit margin %'s, yours were probably based on 12 months of data and/or include one-time factors like investment gains. Here's the AMD numbers, straight from the press release: amd.com YOY revenue growth - +97% (1170M vs. 595M) YOY net income - +128% ($207M vs. $80M, adj for more shares) Profit margin = 17.7% (after tax) (207M/1170M) My figures are year to date....I forgot we are two quarters into the year. I still think CSCO's numbers would beat AMD though....but truly its not that big a deal. Mainly, I was reacting to Chic's trashing of the company...I thought it was a little overdone. ted

To: Petz who wrote (123053)	8/24/2000 9:37:31 PM
From: tejek	Respond to of 1580363

John, This is an example of a company Intel has invested in....they get the top picks. That doesn't mean that they can't screw up, or get caught in a bad market and get squeezed that way. But like a said before, their porfolio manager seems to be clever when it comes to selling and buying. ____________________________________________________________ Symbol Technologies Shares Could Double, Business Week Reports Holtsville, New York, Aug. 24 (Bloomberg) -- Symbol Technologies Inc. shares could double in 12 months to 18 months, Business Week reported in its ``Inside Wall Street'' column, citing Forstmann-Leff Associates investment manager Tom Galvin. Symbol, the biggest maker of bar-code scanners, is expanding into wireless products and has formed a joint venture with Motorola Inc. to include scanners in cellular phones. Intel Corp. invested $100 million in Symbol to develop wireless products together, the magazine said. Galvin expects Symbol to earn $1.05 a share this year, $1.35 next year and $2.00 in 2002, as the company reaps the benefits of its partnerships, the magazine said. Symbol shares fell 11/16 to 42 5/16 today. They've risen 77 percent over the past year. Aug/24/2000 19:16 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.