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

To: tejek who wrote (86001)	7/29/2002 5:10:09 PM
From: wanna_bmw	Read Replies (2) \| Respond to of 275872

Ted, Re: "INTC is hardly undervalued.....in fact its way over valued. As of Friday, the average PE for S&P large/mid caps was 15. As of today, INTC's P/E is 45." Still using P/E is an indicator?? Tsk, tsk. This is a value that can easily be reduced by 3x in a year's time for Intel if corporations return to normal spending levels for PCs. What's more important is a number of other fundamentals. Re: "The markets usually look six months into the future. In six months, its anticipated that Hammer will be out and INTC will no longer have the performance lead." I think it is only anticipated that way on this thread only. For the rest of the market, performance is a tertiary indicator for stock value (if even that), so I am sure that investors are not dwelling on it too much. Even if you do have performance, you need to be able to market it well, you need to manufacture your product in high volumes, and you need to have stable customers willing to buy those large volumes. AMD still has an uphill battle in all these respects. Re: "That's true during the current product cycle transition for AMD; however, that trend is expected to reverse upon the debut of Hammer." Again, I'm not sure that the market is convinced that AMD will gain back lost share from Intel. AMD is hyping Hammer pretty hard, but it still has not done anything for AMD stock price. I think investors have "wizened up" to the old AMD Hype Engine. Re: "I will agree that when the economy rebounds, INTC will have more cash but that doesn't guarantee that Barrett will get savvy and spend it in a way that's positive for INTC.....his history would suggest otherwise." So you're suggesting the possibility of Barrett once again pissing away earnings the moment that the market turns around? What kind of an idiot do you take him for? Yes, in retrospect, Barrett's spending spree was a bad idea, but the basis for it wasn't all that bad. When you have more money than you know what to do with, you throw an amount of it at a target, and see if you happen to hit a bull's eye. I'm pretty sure that the change in market over the past couple years have made Barrett quite a bit more frugal (just common sense). Re: "Did you know since 2 January, INTC's stock is down 57.2% while AMD's is down a lesser 49.7%? I think the markets may be panning your thesis." Did you know that AMD is currently down 83% from its highest close price, while Intel is down a lesser 75%? Amazing what you can "prove" with random statistics, isn't it? wbmw