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

To: tejek who wrote (126339)	10/17/2000 7:07:25 PM
From: stribe30	Read Replies (1) \| Respond to of 1581337

AMD Investor Relations Responds To Shareholder Concerns From the mod thread.. this was posted on the Yahoo Site.. in apparent response to a question.. while I dont know the exact wording of the question.. the answer can give you a fairly good guess. --------- "AMD has worked extremely hard for 31 years to get its balance sheet in such good shape. We now have enough cash to not have to borrow with interest, and we're poised for unexpected emergencies. The company has no current plans to buy back its stock. The company's stock price is a direct result of those choosing to buy or sell at any given time. AMD has no control over that. Though we are disappointed with its current valuation, increasing the share price is not AMD's primary goal. As a company, our job is to continue to grow by improving revenues, profits, technological innovations, and our competitive position. In doing so, eventually the market should value the stock fairly. You may recall a few months ago, shareholders thought that if we would just split the stock, the price would increase. That did not work, either! If you have a proposal for the April shareholders' meeting, you may address it to the company's Secretary, Mr. Thomas McCoy." ----------- Basically.. he's saying exactly what I have been saying; how AMD's share price does on the stock market is not an accurate reflection of AMD the company and how well its doing with profitable qtrs and execution... and that I think is reflected in the wide disparity that investors/analysts think AMD is going to do versus the hardware sites and reviewers and how they think AMD is doing and will do. AMD gets told its "roadkill" and "looking into the abyss" from the analysts.. and the hardware guys do nothing but praise current CPU releases, execution, and future outlook for AMD.