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

To: Pravin Kamdar who wrote (16711)	10/30/2000 1:02:47 PM
From: niceguy767	Respond to of 275872

Pravin: AMD is just caught up in the overall market negativity at the moment...Two kinds of influences (i.e. risks)...market and fundamental...Right now the perception of negative market risk prevails...In the meantime, AMD fundamentals just keep on strengthening...AMD's DDR leadership just announced is yet another milestone... Technically, AMD has been mired in a downchannel since July, for no fundamental reason. In fact, I'd argue that AMD's fundamentals have strengthened during the past 3 months... A close above $23 will signal the possibility of a reversal in this persistent and negative trend and perhaps the beginning of a new positive phase where AMD's strong fundamentals are weighted more heavily in arriving at a more realistic valuation than that derived today when negative "market risk" is wildly overweighted as a price determinant in arriving at today's valuation. In any "neutral" market, AMD's price appreciation could be significant, especially if a valuation is applied that bears any relationship to its existing outstanding fundamentals...(The INTC and NT type problems still remain a significant drag on the market...At some point, differentiation will occur and the market will realize that the AMD's and JDS's are continuing to prosper in the shadow of INTC and NT woes...)