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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (20849)	9/4/2000 11:58:52 AM
From: Sergio H	Respond to of 29382

Good Morning Ditch. Thanks for the AMD-Janus connection. Here's the "scoop" from research desks: POSITIVE COMMENTS: Needham Fund's, Peter Trapp also likes AMD: <AMD is No. 2 in the chip area but it has the fastest-working chip right now. It's a value and growth stock. It's trading at about a 12 multiple but it's worth much more based on a comparison with INTC on a 4-day multiple.> Douglas Altabef of Matrix Asset Advisors has a mixed opinion: <does not think it is a bad time to buy but does not think it is a screaming buy either would take a smaller position in AMD focus on the semiconductor equipment stocks such as NVLS, AMAT or KEM, VSH> Cramer of TheStreet.com <would buy AMD on pullback> Lehman Brothers: <Not shrugging AMD off after last year's upgrade. They've had the field to themselves for awhile. AMD focuses more on the consumer side, INTC on the corporate. We will continue to need extra power, so demand for AMD and INTC will remain constant> Merrill Lynch: <Recommends the stock because the firm has cornered a significant share of the PC oriented market. > Prudential: <The stock passes Prudential Securities' mid-cap screen, which couples the company's estimate revision with its cash flow component, producing stronger and more consistent results than either factor independently. The two-factor model only included companies with market caps between $1.5 billion $10 billion. Furthermore, the security must fall into the top 20 percentile of both dynamics in order to be ranked "attractive."> NEGATIVE COMMENTS: Doug Kass of Seabreeze Partners: <Shorting the security due to a downturn in the cell-phone market, which affects semiconductor manufacturers, such as this one. > ...and, of course, Jonathan Joseph, Salomon Smith Barney, <believes investors should sell semiconductor stocks, such as this one, while share-prices are still high because he believes the industry's cyclical upswing may be coming to an end.>