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

To: Thomas G. Busillo who wrote (38689)	10/7/1998 9:10:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 1578243

Tom- Re: "these people who call themselves journalists should stop and look a little deeper into his participation in the AMD run-up earlier this year on rumors involving IBM. " Excellent point ! Thanks. As I recall, Kumar pooh-poohed/dismissed the IBM "investment" rumor up until a few days before AMD's Q198 earnings report. With AMD's stock climbing rapidly north at the time, Kumar REVERSED his position and released the following - ultimately bogus - prediction: {=================================} IBM May Be Eyeing AMD Investment, Report Says by Margaret Ryan, EE Times April 07, 1998 (12:13 P.M.) techweb.com A day before Advanced Micro Devices (AMD) was due to release its financial results for the first quarter, an analysts' report had Wall Street buzzing about the possibility of an IBM investment, and about whether manufacturing yields have indeed improved on the K6 processor. Monday's report, by Ashok Kumar and Paul H. Mansky of Piper Jaffray, in Minneapolis, was issued as part of initiating coverage of AMD (company profile), with a buy rating and a $40, 12-month price target for 1998. The Sunnyvale, Calif., chip maker is due to release first quarter results after the close of the market Tuesday. Kumar and Mansky said they have been able to confirm that IBM "has assumed the role of a Medici" for AMD. Moreover, the analysts said AMD's manufacturing yield problems have been fixed and speed grades for the K6/K6-3D look attractive. The report said AMD will ramp K6 production to 3 million units in the second quarter. {===============================} Paul