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

To: Dan3 who wrote (48912)	7/25/2001 2:31:45 AM
From: Paul Engel	Read Replies (2) \| Respond to of 275872

Re: "it is possible that markets going forward are going to be more competitive than they have been in the past, possibly reducing what can be gained from that plant, equipment and goodwill. " Boy - you just hit the nail on the head - AMD's fabs produced CPUs with ASPs of $91 in Q1/2001, $75 in Q2/2001 and probably $68 in Q3/2001. Yep - those AMD factories need to be INSTANTANEOUSLY DEVALUED according to your ramblings.

To: Dan3 who wrote (48912)	7/25/2001 9:15:25 AM
From: herb will	Read Replies (3) \| Respond to of 275872

Dan, “One of the reasons Intel has been continuing to post profits is that they have been continuing to increase their assessment of the value of "what's left."” Wow, did you say that? I think that Intel continues to post profits comes from their ability to manufacture and sell products profitably. Pure and simple. It is easy to complain about Intel in a period where profits are declining in all of technology companies. Micron, Compaq, Dell, etc. and of course don’t forget AMD. If you don’t think there will be a turnaround then invest in utilities and railroads, buy treasuries, horde cash or if you are a real risk taker sell short. They say Joe Kennedy made a killing selling short in the 20’s before the Great Depression. Maybe you can do it too. “Accounting is much more difficult than most people realize. Figuring out exactly how much you made requires exact knowledge of the value of what you have left after producing and selling for a quarter.” Financial Statements are great measure of where a company is at sans the BS. They are indispensable to an investor. You keep harping on your “what’s left “ theory, well, the financial statements reflect the value in accordance with generally accepted accounting principles of the assets less liabilities of the company. Since you have decided the value of Intel assets are overvalued, then you should sell short. My advice to you is to shut up and sell short! I still can’t figure out why you and the rest of the AMD zealots are not crying over your recent woes with your AMD investment. AMD stock price just fell 50% this month. Jerry waited to warn only a week before the scheduled earning announcement. My word, why bother! Was that because Jerry sold in May some 12M in stock with a cost basis of $7.38? Was it because on May 7, 2001 AMD converted some $517,500 of convertible debt to common which required that in order to conclude the conversion that the last reported sale price for the Common Stock be at least 130% of the then effective conversion price for at least 20 trading days within a period of 30 (130% x $18.50 = $24.05)? Certainly Jerry knew in April that Q2 was in the dumper. Why was he so quiet? Yet AMD suckers never utter a peep. Herb