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

To: f.simons who wrote (13925)	10/14/2000 3:08:28 PM
From: Maverick	Read Replies (1) \| Respond to of 275872

INTC's attempt to diversify has fallen flat on their face. Many acquisitions hav gone awry. Level One was decimated. INTC doesn't treat its engrs well at all nor does it issue more stock options to keep acquired engrs. In the end INTC acquired buildings, machines, not engr talents. After a while, the St will ask ROI from those NW, communication division, INTC will have nothing to show for. INTC will be beaten down even more. This is a well know fatc in the Si Valley. If you don't believe me just ask those who work or haved worked for INTC. I defy you to prove this wrong. Part of reason INTC PE is high despite missteps is they use the "communication" and "networking" labels. After a few qtr w/ nothing to show for those divisions INTC will be beaten up justlike everybody else who miss-executes. INTC has fallen so far behind in communication that it had to resort to law suite to slow down competitors and prevent competitors from luring away its engr. Had AMD mis-execute like that,its PE would have been 2 - 5, not 40 - 55.

To: f.simons who wrote (13925)	10/14/2000 3:32:41 PM
From: Charles R	Read Replies (1) \| Respond to of 275872

Frank, <but those looking for a reason for AMD's share price woes might start by looking beyond simple Mhz considerations. > Money is made by people who know how to pick the right stocks when they are cheap. People who worry about day to day stock valuation levels shouldn't be investing in individual stocks. <Investors are.> Who are these so called investors? Are these the same people pumping Intel and AMD at twice these valuations and some other semiconductor stocks at 3 or 4 times the current valuation levels? Face it, stock market is imperfect. There are many companies that are trading at 1/10 the valuation accorded to them just 6-7 months back. Inspite of all the fumbles that AMD had in the last 6 months, it is much stronger product lineup for the next 9-12 months than Intel in the highest volume desktop market. And it very likely to have better product lineup in the laptop segment in about a quarter. For the next 3 quarters AMD will most likely deliver excellent marketshare/revenue/profit gains and Intel is most likely to deliver marketshare/revenue/profit declines. During that time I expect AMD will get back to much fairer valuation than it has today. Chuck

To: f.simons who wrote (13925)	10/14/2000 5:27:26 PM
From: niceguy767	Read Replies (1) \| Respond to of 275872

frank: I honestly appreciate your efforts...AMD is at $22 for either the reasons you cite, analyst fudd, price manipulation or the imminent onset of a negative eps in Y2001...As I have mentioned earlier today, the reasons you cite, imho, given 4 succesive record breaking quarters (which ar hard to fudge), might, in a worst case scenario,underpin a price of $40 based on any financial benchmarks applicable to any other company in the tech sector...The more likely cause of the untenable (imho) $22 price is attributable to one or a combination of the three other factors I have mentioned...Of the three price manipulation on a alrge scale would seem the most rational...Let's see what happens over the next 3 months after Fridays options expiration...Just don't buy the fact, no matter what angle I view it, that AMD is at $22 owing to "normal" market forces...my guess is there is a very large invisible hand at play with the objective of pushing AMD's price to $25 or below for Friday's option expirations...Anything below $40 just can't be explained away any other way, imho, in light of Q3's outstanding earnings report!!!