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

To: Joe NYC who wrote (36202)	4/18/2001 12:16:13 AM
From: Charles R	Respond to of 275872

<Intel's revenue is less than 25% down, and it is received as good news, which it is to anyone expecting 25% decline in revenues.> I heard the conf call and the only thing that could be construed as positive is that business has "apparently" stabilized. <We need to get AMD earnings, some digestion of the info and option expiration behind us before we can reasess. But as long as Intel is at $29 with lower earnings, higher PE, lower growth, AMD has a room to go up to reduce the disparity. Suppose Intel crashed to $10. What do you think would happen to AMD short term?> Intel's profit for the quarter was less than 1/2 bil. AMDs profits are not that far apart (compared to market cap differential). Shows how sensitive the business is to ASPs.

To: Joe NYC who wrote (36202)	4/18/2001 7:27:35 AM
From: niceguy767	Read Replies (2) \| Respond to of 275872

Jozef: "But as long as Intel is at $29 with lower earnings, higher PE, lower growth, AMD has a room to go up to reduce the disparity. Suppose Intel crashed to $10. What do you think would happen to AMD short term?" Having slept on it, the only explanation I can come up with for INTC's surprising jump in the AH, is that they are in reaction to the spate of generally positive earnings released yesterday by more than a couple big blues...that is INTC is caught up in the coattails of some of the large caps that are not showing 23% revenue declines sequentially... Further, I honestly hope INTC breaks $30 today because that would set the stage for a potentially significant uptick in AMD tomorrow, if AMD, a company 1/25th the size of INTC can come in with $1.1 billion in revenues, or 1/6th the revenues of INTC and at $0.33 eps or better or 5 times the "all-in" eps of $0.07 that INTC managed to eke out!!!