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

To: Elmer who wrote (32390)	5/3/1998 11:57:00 PM
From: Maxwell	Read Replies (2) \| Respond to of 1571808

Elmer: We are talking different language but if you insist in talking about shareholder then I will join your discussion. <<Shareholder value has never been a priority at AMD.>> The street has two ways. In that case INTC is also the same way. Andy Grove could careless on the shareholders. Instead of maximizing shareholder values he SLASHES the price of Pentium and PII by as much as 60% and 30% respectively. He did it because he was paranoid that AMD would eat INTC market share. The result was that AMD barely shipped 1.5M K6 last quarter, less than 5% of the total market. INTC on the other hand their Q1 revnue dropped by 8% and profits dropped by 30%. Andy has hurt the shareholders just to kill a fly. Furthermore INTC opted to utilize precious silicon to go for low end product by introducing the Celeron. The Celeron shares the same architecture and die size as the PII but without the L2 cache. Not only does the Celeron gets LOWER MARGIN than the PII but slower in performance than the Pentium 200. This is a shame product of INTC and shareholders just to satisfy Andy's ego. It was he who said that the sub-1000 PC market never existed, another blow for the INTC shareholder. What is even better is that Andy doesn't want to get the blame and has stepped down and cashed in all his options. Prior t cashing out all his options he allowed the company to buy back billion of dollars of stock just to keep it afloat so that he and all his buddies can cash out their options. Blah, bah, blah... I hate to write such a statement above because it is not my style. But I write it because people like you can't think otherwise. I can guarantee you one thing that in every company this is the order of priority. 1) management themselves 2) company interests 3) shareholders The same way goes for the government. It is the nature of people. Maxwell