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To: AK2004 who wrote (5312)	3/28/1998 2:22:00 AM
From: Paul Engel	Respond to of 6843

albert - Re: "demand must be huge, don't you see?" Yeah - real huge! Like the HUGE LOSS AMD is about to report! The "hugher" the demand, the "hugher" the LOSS! Looking forward to that loss, albert? Paul

To: AK2004 who wrote (5312)	3/29/1998 8:39:00 PM
From: James Yu	Read Replies (3) \| Respond to of 6843

Albert and All, Stage II - Why did Andy Grove step down from CEO post? 1. All of analysts project Intel earnings growth rate like I posted 1998 (negative growth), 1999 (2% growth) - two years is a long term. 2. Intel buyback 100 million shares program is well-design for Andy's resignation. In my experience, if Intel did not announce 100 million shares buyback program at the same time of Andy's resignation, I guarantee that Intel stock price dropped at least 5 points in one day. We AMD investors clearly understand Intel's trick. 3. Andy Grove made a lot of mistakes in the past and he does not know how to face the competition era. Here are Andy's confession - "We are too cautious, too small scale, too late," Grove is quoted as saying in the Washington Post. "I regret about Intel - was not aggressive enough in shaping people's use of high technology." The words - "too late" and "not aggressive" - Is this a admiring leadership of a company in competition era? 4. "unofficial" word on Wall Street is that Intel's board is scared out of their wits at their reddening bottom line and wants a new face "leading" - the company (comments from Mac Rumor site). Best wishes James