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

To: hmaly who wrote (17070)	11/1/2000 1:18:22 PM
From: Petz	Respond to of 275872

hmaly, great response to crazy's diatribe against Jerry. He has been extremely articulate, on-topic and a total gentlement in all the TV interviews I have seen, as well as ON24 interviews, annual meeting statements and interaction with analysts at conference calls. I am 100% certain that if anyone else were at the helm of AMD in 1999, Dresden would have been sold and AMD would have no answer for the P4. To open Dresden late, Jerry had to sell the headquarters building and the Vantis division. It would have been financially impossible and foolish to open it on schedule. Petz

To: hmaly who wrote (17070)	11/1/2000 1:58:38 PM
From: andreas_wonisch	Read Replies (5) \| Respond to of 275872

Hmaly, Re: S E N D A L I N K where Jerry has been abrasive to any analyst in the last yr. jc-news.com Q: In some of the conversations with top-tier PC vendors, they have suggested that as some of the supplies improve from Intel, they might reduce AMD as percent of their total computer shipments. What impact will that have on AMD - does that change just your customer base, or does that have some financial impact? A: [Jerry Sanders] Well, first of all, I can't imagine a single one of our customers having said that. Rob, do you have any idea what this guy could be talking about? That's the last example I can think of. Written it doesn't sound very rude but you have to imagine saying him that (something like "do you have ANY IDEA what this guy is talking about or is he just plain stupid?") or just relisten to the audio if it's still available. The last CC went pretty smooth and Jerry was (mostly) polite and gave good guidance. But Q2 CC was a mess IMO. Could have been due to the fact that Jerry was participating over phone. He also made some rude comments towards Kumar in Q4's CC but I didn't mind those. ;) Andreas

To: hmaly who wrote (17070)	11/1/2000 3:18:41 PM
From: that_crazy_doug	Read Replies (3) \| Respond to of 275872

<< Jerry setting the right atmosphere such that AMD seemingly has the ability to attract top notch engineers >> AMD made promises and backed out on them. Proof as to whether they could have done a better job is totally irrelevent. The CEO shouldn't have been making promises the couldn't deliver. It's not a big surprise that no one trusts the company when the guidance has been wrong on almost every release date over the past year, and now they keep delaying future release dates. I haven't seen any evidence that Jerry has done anything to create a special environment that attracts engineers. If Dirk (and other top notch engineers) are there specifically because of the actions of Jerry Sanders then he's done some wonderful behind the scenes work. That still would not excuse the mess of things he makes in public, but it would be a strong point in his favor. However, I've yet to see anything that convinces me he's done any such thing. As for your lack of linking about his attitude, I feel that it's well documented that Jerry has behaved in this way. Most of the megabulls have even agreed that he often hurts the company when opening his mouth. There are definitely examples in the last 2 CCs, but the history of him doing this goes back for many years. If you don't believe it then I'm not going to try and convince you of it. << You sure had me fooled. Just read your very own words in this letter. Jerry set the tone for being late on dresden, duron infrastructure, multi-processor chipsets, mobile chipsets, and integrated chipsets. He set the tone for the worst public relations I've ever seen, for marketing that is down right pathetic. < Marketing is lousy, chipsets are a problem, Dresden is late, and you like the company????? >> I like the company because the Athlon is an awesome product, the flash division is in the right place at the right time, all they have to do is show up. The fact that there are delays on every product means that the company has a major managerial problem communicating dates with the streets and meeting/setting good deadlines internally, however it doesn't take away from the great technology. << Which is the exact opposite of what investing books tell you. If you don't trust management, get rid of the stock. Quit giving me excuses. You can always buy AMD later when Hector takes over. >> So I have to sell the stock because I disagree with you and some book you read? That's really amusing, selling now and buying back later has a large tax consequence for me, and I believe that most of the downside risk is gone because the way things are going if there was a substantial drop over the next 2 quarters the company could probably afford to buy 1/2 the outstanding stock back with cash on hand.