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

To: Daniel Schuh who wrote (18166)	11/8/2000 11:19:41 AM
From: niceguy767	Read Replies (1) \| Respond to of 275872

Daniel: "Niceguy, Intel as a mutual fund has come up before. The thing is, mutual funds shares are usually bought and sold at approximately book value." Doesn't bode well for current INTC shareholders, then, if current trends persist!!!

To: Daniel Schuh who wrote (18166)	11/8/2000 2:41:29 PM
From: Petz	Read Replies (1) \| Respond to of 275872

Dan S:<Intel as a mutual fund has come up before. The thing is, mutual funds shares are usually bought and sold at approximately book value> As a mutual fund, Intel's total market value was 0.84 per share plus $2.00 per share of cash. Since closed end mutual funds generally trade at a discount to market value, and because the market value of Intel's securities has declined since October 1, Intel should be trading no higher than $2.75 when valued as a mutual fund. If one looks at AMD, however, they have 0.85/share in long term investments (29M equities, 5M bonds, 266M joint venture) plus $3.50/share in cash, so AMD valued as a mutual fund would be worth $4.25. Of course, both company's "mutual funds" resemble money market funds more than equity funds. The $34M in AMD equities and other long term investments is from AMD's 2nd quarter 10Q, all other info is from the respective company's 3rd quarter earnings releases. Petz