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


To: hmaly who wrote (126050)10/14/2000 4:22:48 AM
From: Joe NYC  Read Replies (1) | Respond to of 1583868
 
Harry,

I think we are still paying price for the sins of the past, but the punishment is way too severe.

We had all these losses in the trailing quarters, that have finally been erased, then we had a tax rate of 0, that went to 20% and soon it will go to 31%. Each one of these makes AMD's progress look worse than it really is.

But during all this time, AMD is making money, paying off debt, buying equipment for fabs, adding fabs, funding R&D, gaining market share, growing top line and bottom line.

All this real progress will have to show up in the stock price sooner or later.

Joe