Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (137123)	6/11/2001 7:42:34 AM
From: Dave	Read Replies (3) \| Respond to of 186894

Dan, Did I ever tell you that my first trade I ever made was buy 100 shares of AMD stock in Dec of 1993 at 17 7/8? Three months later, AMD won the lawsuit against Intel and AMD spiked up to 28. I sold and made a nice profit. Don't ask about my second trade, i.e. DEC I lost the grand in about a week. I used to be an investor in AMD. I had my reasons, I believed in the premise of a second source. I believed that AMD's chips were faster than Intel's. In 1995, I owned both Nexgen and AMD. I bought Nexgen because they were run by one of the designers of the Pentium, S. Attiq Raziz (that was his name, right). Anyways, both AMD and Nexgen were cratering, they merged. A few months before the merger, AMD's CEO had stock options around 32. The combined AMD/Nexgen slumped to 12. I was fully leveraged in the stock. Man, in college, that simply sucked. AMD recovered but when I checked out the insider trades, I found out that Jerry had his options repriced to 12. AMD is a company that is not being run with the "shareholders" best interests at heart. I would consider AMD a company with a serious "agency problem". Next, you cite Intel's revenue growth going negative. Many company's revenues are slumping. We are in a downturn of the economy. Who cares. I will be the first to admit, whenever Intel branched off the uP, they have not been successfully, but in the 1940s, who had the record for the number of HRs hit in a single season? Babe Ruth. Who had the record for strikeouts? Babe Ruth. Intel is using its cash flow to find another profitable business to get into. On the other hand, AMD is like a ship without a rudder. So, Intel hasn't been successfull yet, they must keep stepping up to the plate and find something.