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

To: aburner who wrote (16225)	10/27/2000 12:41:56 PM
From: Tony Viola	Read Replies (1) \| Respond to of 275872

ab, >And if you look back at what the recent INTC downgrades and warning did to the AMD stock price I wonder why you question me for citing the article. After all, while there's a good deal of technical discussion (I enjoy every bit of it) here, this is still an investor message board. Yes it is an investment board and we can certainly post anything relevant without anyone jumping on us. It is just that Fleckenstein has not said one good word about technology stocks, that I know of, in 5 years. He is a hedge fund type (don't know if he has his own or not) and, I think, has an axe to grind. That would be to do anything he can to drive techs down and therefore make more money for his clients. Example of his advice: I believe he was negative about Dell and Intel from 1995 on. Obviously, for most of that time, that was a flat out bad position. We all should take heed of as many opinions as we have time for, but a perma-bear on tech like him is too obvious. He's like the boy that cried wolf. Looking at a more objective group that has no axe to grind (that I know of), IDC is forecasting PC growth for next year to be high teens, I believe. I've also seen low 20s (Hambrecht and Quist or Gartner?). Either number would say that the PC is far, far from dead. Having said all that, I do think it's extremely wise for companies that have a big exposure to PCs to move up the food chain, if they can. PCs are a cutthroat, very low margin business. Servers to support the Internet and everything else are the most obvious product area to get into, if one can, for the OEM PC companies, and CPU chip companies. Tony