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

To: kash johal who wrote (20960)	11/29/2000 1:33:42 PM
From: Maverick	Respond to of 275872

Ext Affair VP Anixter confirmed NO MFGR problem on announced chips Advanced Micro (AMD) 17 1/2 -1/4: On Monday, we wrote a brief comment on our In Play page detailing a Robertson Stephens call on AMD, which suggested that the company was having manufacturing problems that had delayed its next generation chip and might lead to faster than expected price cuts on current chips. We got quite a bit of feedback on that comment, both from readers and from AMD itself, with many of our critics claiming that the statement was false and demanding a retraction. This brings up two important issues. First, let's look at exactly what we attempt to achieve with the In Play page. In addition to offering our own analysis of market-moving events, we also report on brokerage firm research and trading floor rumors, so that readers can understand why stocks are moving when they move, not by reading tomorrow's newspaper. In our AMD comment, we were making no judgment on the analysis by Robertson Stephens; we simply recognized market-moving research and passed it along to readers. We go to great lengths to ensure that we report brokerage firm comments accurately, but we don't fact-check their work -- that's their responsibility. Since we reported the Robbie Stephens comments accurately, we have no need to print a retraction -- that's the first point. The second is to tell AMD's side of the story. Though Briefing.com wasn't making any assertions about AMD's business, we are certainly happy to pass along AMD's response to the Robertson Stephens call. We spoke with AMD Vice President of External Affairs Ben Anixter last night. Anixter said that he could not respond directly to Robertson Stephens' claims, both because AMD's policy is to refuse response to rumors, but also because he had no idea what next-generation chip Robbie might have been referring to. He went on to emphasize that with all of its existing chips that have been announced, he was not aware of any manufacturing problems. Regarding price cuts, Anixter would not comment on AMD's plans. He noted that AMD regularly cuts its prices, but naturally does not comment on future plans. The bottom line was that while AMD couldn't complain about Robbie Stephens' view that the PC market was simply weak -- because that's just an opinion -- it did want to combat the notion that there were any manufacturing problems that were affecting its business. - Greg Jones, Briefing.com

To: kash johal who wrote (20960)	11/29/2000 2:44:53 PM
From: chris431	Respond to of 275872

I'd be very careful in this market. You should always leave yourself plenty of dry powder in case the "surely cant go lower" turns into "went lower." There is alot going for the company but not necessarily the stock. Otherwise, the stock wouldn't be where it is. I've added a touch of AMD @ 17 but am expecting to see lower. I'll add a touch more at 15-16 range and will hopefully be buying some shares for the long term in the 11-13 range (although I don't think I'll get the chance). I'm primarily a short & we're seeing a real technical breakdown in this market. Just as things overshot on the upside, I wouldn't count out overshooting on the downside. Just don't count out that any money in AMD right now may be dead money for awhile....not a good use for margin, imo. Chris