Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: david alexander who wrote (40585)	11/1/1998 8:37:00 PM
From: david alexander	Read Replies (1) \| Respond to of 1573962

I looked at AMD's chart history and can't find anything like Friday's volume. Also strong action in options the last two weeks. More than 3000 Nov 20s traded on Thursday. This smells like something is happening.

To: david alexander who wrote (40585)	11/1/1998 11:39:00 PM
From: Brian Hutcheson	Read Replies (1) \| Respond to of 1573962

David , It may be there is some important news yet to be announced . But AMD was building a base for 4 months with wild up and down swings There have been many Press releases that should have moved the stock since the beginning of October such as AMD's huge market share in sub $1000 PCs (68%) plus K6-2 being the most popular CPU . The impressive ramp of their .25 process from 1M to 3.8M in 3 months . The stock started moving on wednesday and broke above $21 on friday . After market close on tuesday was the announcement that Atiq Raza was not only being immediately appointed as COO but that at the next AGM (feb?) he will be appointed as CEO and Pres. This was the catalyst that caused the breakout IMHO and the large block (fund?) buying indicates a renewed interest by them . CALPERS was one fund that could not tolerate Sanders being both chairman and CEO , so quite possibly they started the buying . Brian PS I wouldn't object if there was more good news.