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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (61616)	7/31/1998 12:57:00 PM
From: Diamond Jim	Read Replies (1) \| Respond to of 186894

SANDERS' RULES: Shares of Advanced Micro Devices Inc. (NYSE, AMD) soared Thursday, a day after Chairman and CEO Jerry Sanders made bullish prognostications about his company's battles with microprocessor king Intel Corp. (Nasdaq, INTC) at a BancAmerica Robertson Stephens conference. The stock jumped $1.44, or 9 percent, to $17.13. Of course, it's probably helpful to put the stock's -- and Sanders' -- performance in perspective. Or, as one wag advises in an e-mail missive: ''You must wait 24 hours before writing anything about what he says. That's the half life of his charismatic influence, a.k.a. drinking the pink lemonade (Jonestown).'' Within the last year AMD's stock has traded above $42. But at around $17, the stock is worth roughly the same today as it was a decade ago. Considering the performance of the stock market in that time, financial types have an expression for such performance: shareholder wealth destruction.