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

To: Petz who wrote (31039)	3/9/2001 11:55:09 AM
From: AK2004	Respond to of 275872

Anyone want to bet that Intel would beat new expectations. Seems like the old strategy of underestimating when warning. Regards -Albert

To: Petz who wrote (31039)	3/9/2001 12:44:41 PM
From: AK2004	Read Replies (1) \| Respond to of 275872

John RS is very positive about amd and 36% ( ~20% of total) is sufficient to justify an adjustment. Regards -Albert However, we would like to note that the bulk of our estimate revisions are due to AMD s flash exposure and not due to lower expectations of processor units sold. In fact, we believe that AMD is only accelerating the rate at which it is gaining market share from Intel and remains on allocation for its Athlon processors running at speeds 1GHz and faster while we think Durons continue to see solid demand.* Additionally, we believe that AMD has increased its roster of both commercial and consumer notebook designs* wins for its soon-to-be-released Palomino product. Palomino, incorporating a new Athlon core, pushes both the performance and the low power envelope of mobile processor design, demonstrating what we believe is dramatically superior price/performance to alternative mobile processors offered by both Intel and Transmeta. Given the superior price/performance of its processors, what we believe are compelling notebook design wins with its Palomino processor, the flawless ramp of 0.18 micron copper-interconnect technology at its Dresden facility, and low valuation at only 13.7 times our new F2002 EPS of $1.90, we are maintaining our Buy rating* on AMD and 12-month price target of $31.