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

To: Mohan Marette who wrote (40248)	11/13/1997 10:36:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 186894

Mohan, AMD bulls will laugh but look at the balance sheet over the last 4 years.Revenues are not increasing, long term debt is now almost half of total current assets and growing rapidly,cash flow is trending down since 1992! They have bulked up their sheet increasing shares outstanding by 80% since 1993. Sales PER SHARE is no higher than 1984!!! This is so ugly that it is beneath contempt to harrass AMD shareholders. They cannot know what they are doing, if they are long term investors. If they are speculators, they would have a better chance choosing a company that is more solid than this. It is their decision. Any shocks to AMD's system, like losing a chief technologist, will simply accelerate their demise. Gene

To: Mohan Marette who wrote (40248)	11/13/1997 12:25:00 PM
From: Barry A. Watzman	Read Replies (1) \| Respond to of 186894

First, let me say that while I am an Intel bull and want Intel to prosper, I take no joy in AMD's woes. That said, I think that AMD is in some really deep doo-doo. It's clear that there are some really serious problems with the k-6 that are not going to be fixed quickly. Intel IS being successful in transitioning the market away from socket 7, a move which will accelerate rapidly, and Merced is coming. AMD only had a short window to make their move, and they are in the process of missing it (they may have until 3rd quarter of 98, but no longer, and perhaps not that long). In the meantime, Jerry literally "bet the company" on this, and the principle and interest on BILLIONS of dollars worth of debt starts coming due in 1999. Frankly, I don't see how they are going to survive this one, and I mean that literally, although the full depth of the financial aspects of the problem may not be apparent for a couple of years yet.