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

To: Milk who wrote (35174)	7/29/1998 1:07:00 PM
From: Milk	Read Replies (1) \| Respond to of 1572931

"Merrill Lynch's Tom. Kurlak voiced concern about semiconductor stocks, citing Intel's (INTC) price cuts and Advanced Micro Devices' (AMD) excess inventory of microprocessors. Kurlak said he saw no reason for investors to accumulate chip issues now, citing an earnings downtrend and seasonally adjustments for the third and fourth quarter estimates. Also, third- and fourth-quarter estimates of industry sales may continue to decline at a rate of 15 to 20 percent vs. last year says Kurlak. Intel shares rose 1/8 to 85 3/4 while AMD's shares fell 1/4 to 16 1/4. cbs.marketwatch.com Will AMD shares ever rise? (sigh) -M.