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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Time Traveler who wrote (31519)	4/8/1998 5:30:00 PM
From: Maverick	Respond to of 1571976

ADVANCED MICRO DEVICES (AMD) 27 13/16 -2 11/16. Today, the trend turned around and bit a chunk out of the institutional traders who were taking in AMD up to a point-and-a-quarter higher on Instinet last night. After all the hype the stock has received over the past few weeks (upgrades from Robertson Stephens and Prudential, initial "buy" rating issued by Piper Jaffray two days ago, forecast by analysts that IBM will take a stake in the company), there was no way that a slightly wider loss was going to cause this train to jump the tracks. Moreover, the recent trend has been for the shares of a major names to have a positive reaction to an earnings warning or moderately disappointing shortfall in bottom-line. Not this time. What happened? Well, the company saw analysts from Cowen & Co, Merrill Lynch, and CS First Boston increase loss estimates. But, that wasn't the spook that sent AMD investors fleeing . The primary reason behind the dramatic reversal in momentum can be attributed to the company bursting the IBM investment bubble. Speaking with analysts Tuesday night, AMD chief executive officer Jerry Sanders dismissed the IBM investment chatter as nothing more than a rumor. Ouch! So where's the $20 million in capital that analysts have been saying the company so desperately needs to shore up liquidity going to come from? This sounds like a job for the spin-doctors. Expect the three major firms that jumped on the AMD boat over the past few weeks to put a new spin on the AMD situation: e.g, the company doesn't need the $20 mln, finances are just fine... production yields are improving.... chip prices have bottomed... demand for the 3000 Mhz version of the K6 processor is robust... or how about, the companies are simply being coy, the IBM investment is on the way. As of this afternoon, this is what the analysts who are not long the stock with "buy" ratings are saying: industry conditions impede recovery... competitive microprocessor market likely to keep margins modest... war with Intel will be heating up. From Briefing.com

To: Time Traveler who wrote (31519)	4/8/1998 5:45:00 PM
From: Maxwell	Read Replies (1) \| Respond to of 1571976

John: Thank you. <<This question was probably raised before, but how do I get a list of options/leaps trading activity just like the one from quote.yahoo.com?>> Go to www.cboe.com , click on Market Quote and type your favorite symbol. Man what a day for AMD. Without the IBM investment news it was bound to take a beating. Nevertheless it is good for those who still want to get in. I see mid 30s in the next few months. There is no way AMD be trading in the 20s with the yield fixed and new products coming down the pipeline. Maxwell