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

To: Adrian Wu who wrote (32211)	4/27/1998 10:58:00 PM
From: Maxwell	Read Replies (1) \| Respond to of 1572536

Adrian: What speed is your 2 K6? How do you like them compared to the PPro and Pentium? I have a Thinkpad 760C Pentium 100MHz. It is an older version of Pentium. It is kind of slow and dissipate alot of heat. I also have a K5-PR166 which I upgraded my Pentium 133. I just put a K6-250MHz (83mhz bus speed overclocking a K6-233). The system is very fast. It makes my K5-PR166 and Pentium 133 look like Bambie. I use the K6 to play games. My next system will be a K6-3D-350mhz on 100MHz MB. So far I don't see any need to go to PII since I can upgrade my system to equivalent performance for very cheap price. You can overclock the K6-266 to 333MHz and a 300MHz K6 to 350MHz. The killer comes when the 100MHz MB be available next month. Maxwell

To: Adrian Wu who wrote (32211)	4/27/1998 11:25:00 PM
From: VICTORIA GATE, MD	Read Replies (1) \| Respond to of 1572536

re <<I just don't understand some of the people on this thread. >> CalPERS to AMD's Sanders: Step down By Michael Kanellos Staff Writer, CNET NEWS.COM April 27, 1998, 6:10 p.m. PT The California Public Employees' Retirement System (CalPERS) sent out a letter to fellow Advanced Micro Devices shareholders asking them to vote for a resolution calling for the replacement of Jerry Sanders with an independent chairman of the board. The letter previews the showdown that will likely take place between CalPERSs, which owns 500,000 shares of AMD stock, and the colorful and sometimes controversial Sanders at the AMD stockholder's meeting on April 30 in New York. CalPERS's criticism of Sanders owes to the sub-par performance of the stock. In its letter to shareholders, CalPERS asserted that that $100 invested in a peer group of stocks (the Technology 500) on December 31, 1992 would have been worth $369 on December 31, 1997. This same $100 invested in AMD's stock would have been worth a mere $98. James E. Burton, chief executive officer for CalPERS, told shareholders that AMD is suffering because W. J. "Jerry" Sanders serves as both Board chairman and CEO. "When the Board's chairperson is also an officer, employee, or otherwise closely related to the company's management, it is difficult for that person to objectively perform this monitoring and evaluation function," said Burton in a prepared statement. "We believe that an independent chairperson would best ensure that the interests of shareholders are served, rather than the interests of management. Our proposal asks that the Board's leader be a person who is independent of the company and its officers. Through this proposal, we seek to promote strong, objective leadership on the Board." The letter, faxed to AMD shareholders today and posted on the Web, urges votes for its shareholder proposal, which is item No. 4 on the proxy statement, at AMD's annual shareholder meeting. CalPERS met with Sanders on January 20 to discuss performance and corporate governance concerns shortly before publicly naming the computer chip manufacturer to the its target list of corporate America's financial underperformers. "From our point of view, we do not believe splitting the office of the chairman and the CEO are in the corporation's interest at this time," said Scott Allen, an AMD spokesman. Sanders has also been criticized for excessive compensation. Earlier in the year, documents filed by AMD with the Securities and Exchange Commission showed that Sanders received a slight reduction in compensation in 1997, a year when AMD was unprofitable and plagued by manufacturing problems. All in all, however, his total compensation came to $1.7 million.

To: Adrian Wu who wrote (32211)	4/28/1998 12:30:00 AM
From: Time Traveler	Read Replies (2) \| Respond to of 1572536

Adrian, similar to your concerns, I do not understand why some people on this thread still think AMD's high stock price today is because of AMD's earning potential in the next few quarters. AMD is not going to make enough money to cover their expenses associated with the K6 gang. We have seen this trend in the past few quarters: Socket-7 is fading away; K6s have not proved yield solved; Depreciation expenses due to ever higher R&D is sky-rocketing; K6 family members are forced to price lower due to Intel's low-end product; K6 production is forced to ramp up because of Intel's stop-production of Socket-7 CPUs; Advertisement on super Socket-7 has to be significant due to this introduction of new product. In fact, the stock price of AMD today is fueled by the expectation of a take-over, or the break-up of AMD. Obviously, the analysts are expecting a price way over the book-value. What do you think a corporate raider would pay for? This expectation certainly made you very rich in a mere month or so. You claimed you have held Intel for several years until recently. You made an excellent call after the fact. What prompted you to invest in Intel right after the CPU bug? And what made you to think Intel was so ridiculously overvalued when you dumped it? Time Traveler is not Stockman.