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

To: AK2004 who wrote (9843)	9/22/2000 11:34:06 AM
From: Goutam	Respond to of 275872

Albert, <07:10am EDT 22-Sep-00 ABN AMRO Inc. (Wu,David 415/983-2916) INTC AMD INTC.GWI Intel Corporation: Probable Start Of A Microprocessor Price War, Downgrade To H> If I remember correctly he reiterated his buy rating on Intel just a few days ago. This is the same guy that upgraded Intel on the day after AMD's Q1'00 earnings release based on AMD upside surprise. >We have checked with suppliers, DRAM vendors, PC companies and AMD. One thing we are sure about is it does not appear to be an industry-wide problem but has bad implications for Intel near term, whatever the true reasons are.> He he he... all it takes is some DD to figure out the reality. Kumar some how managed to wipe out his 'trading Buy' recommendation on Intel off his record. Now he is getting all kinds of accolades from the media, and the investors on his earlier call. Goutama

To: AK2004 who wrote (9843)	9/22/2000 11:35:01 AM
From: niceguy767	Read Replies (2) \| Respond to of 275872

albert: "While the company blames a weak European market, we suspect the real reason is market share loss to the resurgent Advanced Micro Devices (NYSE: AMD-$27 9/16, N/R), not a production or yield problem. - If we are correct, that only means a price war in X86 microprocessors starting in 4Q2000. Comment: I agree with the first part that AMD with its "spry Athy" has INTC with its PWeeiii snookered...I disagree with the second suggestion of any price war...INTC can less afford any price war than AMD...INTC's real answer is development of new and competitive product...Not going to happen in "retail quantities" in the short term... By the way, how can INTC lead a price war challenge at 1 gig and over, soon to be the entry point, when they can't bring sufficient "retail quantities" above 700 MHz to market??? INTC has been snookered by the superlative qualities of AMD's "spry Athy"!!!

To: AK2004 who wrote (9843)	9/22/2000 11:36:01 AM
From: Björn	Read Replies (1) \| Respond to of 275872

"We have checked with suppliers, DRAM vendors, PC companies and AMD.One thing we are sure about is it does not appear to be an industry-wide problem but has bad implications for Intel near term, whatever the true reasons are."

To: AK2004 who wrote (9843)	9/22/2000 11:58:37 AM
From: EricRR	Read Replies (2) \| Respond to of 275872

- If we are correct, that only means a price war in X86 microprocessors starting in 4Q2000. As if it ever wasn't war. Right now AMD's ASP's are HALF that of Intel's. When will the analysts ever figure out what that means. Question for the eighth grade class- GM sells its cars for an average of $40,000 each, while Ford sells its cars for an average of $20,000 each. GM and Ford are both increasing the number of cars they plan to sell. Does this mean that Ford will have to reduce prices? (Here Kumar shoots the teacher with a spitball.)

To: AK2004 who wrote (9843)	9/22/2000 3:15:19 PM
From: boris_a	Read Replies (2) \| Respond to of 275872

Remember Tad LaFountain?: Message 13471910 "In the meantime, the central question (IMO) remains: why did a company (INTC) with $20B+ of cash and securities that has been talking for quite some time about a market that it expected to grow to 100MM servers connected to 1B PCs fail to invest in property, plant and equipment in 1998-99 (net PP&E only grew 10% from 4Q97-4Q99)? How did the planning process go so astray? How did the "equipment reuse" effort/panacea really become such a central feature of the company's investment process? One conclusion is inescapable - gross margins are so high right now due to artificially low depreciation reflecting under-investment in plant and equipment. My guess is that when this episode is all over, case studies will be written. I'd love to know what went on. Heck, I'd like to know what's being done now to reverse the momentum slide. And the investment stuff is all about the momentum, so pointing out Intel's various superlatives (of which there are many) is really irrelevant." I (Boris) believe Q4 is going to be the most exciting Q we've ever seen in this industry. Boris