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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (28727)	9/25/2001 4:51:01 PM
From: J L Segal	Respond to of 30051

Zeev, thanks for the link....good points. JLS

To: Zeev Hed who wrote (28727)	9/25/2001 5:56:18 PM
From: All Mtn Ski	Read Replies (2) \| Respond to of 30051

Zeev, An ugly report from MU. Book is $12 and its now near $20 in the AH. I have a feeling the $19 you were looking for will be breeched. AMD sure blew past book, MU may pull a similar move. I know you're thinking $80 on this issue in a few years, thus an entry near book is tempting, what do you think will stop MU from approaching book value? And this, the last line is telling: July IC data confirms worst ever downturn SCOTTSDALE, Ariz. -- IC market figures for July confirm the current downturn is the worst ever to hit the global IC industry. The third quarter will be the fourth quarter in a row that the global IC market registers a decline -- the first time in the history of the IC industry, notes Bill McClean, CEO of IC Insights. The July market was down almost 50% from year-ago July, with every major IC product category falling at least 20%. Because unit sales also were down 30%, McClean believes the extended IC inventory "burn" is due more to the current global recession and first-ever drop in worldwide electronic system sales than from excess stockpiles accumulated last year. The drop in IC average selling price (ASP) has been especially steep in this downturn, McClean says. The July ASP was only $1.50, a price level last seen nine years ago. siliconstrategies.com Cheers, Tom

To: Zeev Hed who wrote (28727)	9/25/2001 6:42:53 PM
From: pompsander	Respond to of 30051

Zeev: I worry that AMD may not be able to return to profitability as quickly as you hope. Note the article below. dailynews.yahoo.com If Intel is willing to settle for lower margins into the next PC cycle, they may bleed AMD almost to death. Of course, Intel may use such an opportunity to quickly raise prices and this will once again give AMD a chance to resurrect itself in the marketplace.