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

To: Crossy who wrote (40815)	11/4/1998 12:59:00 PM
From: d e conway	Read Replies (1) \| Respond to of 1572953

Crossy... Looking at the chart over the last couple of years, some things just LEAP right out at me. 1) Starting late-summer/fall 1996, we went from roughly 13 and topping out around 45 six months later, all on the strength of the new K6 (idea and plan only). (Of course I bought at 13 and sold at 45). 2) Now we have a HUGE bottoming formation over the last six months at about 16. Just now we have broken through the downtrend going back 2 years on fantastic volume...we have skyrocketed through this major turning-point. 3) This huge volume along with such a massive price upturn tells me there is something big suddenly driving this...major good news brewing. Who knows what??? Maybe just the sudden realization that they've got their act together...maybe institutional buy recommendations unknown to us little guys...maybe Comdex expectations...maybe general semiconductor market upturn...whatever. By looking at the chart, all I know is something very positive is happening right now, and there is enough momentum with this that it should keep going, just like in last half of '96. Judging by the huge bottoming formation, this move has the potential to be just as powerful. If it does mimic '96, starting from a higher & stronger base, it could go significantly HIGHER then the previous $45. 4) All this coupled with the obviously tremendous fundamental outlook says we are BACK IN THE SADDLE AGAIN!! regards, Dan

To: Crossy who wrote (40815)	11/4/1998 1:24:00 PM
From: Maxwell	Read Replies (2) \| Respond to of 1572953

CROSSY: <<Let's approach this indirectly. I assume that K-7 is positioned against Katmai & Xeon, whereas K6-3 is positioned against midrange Pentium-II.>> This is an understatement. K7 is superior to anything Intel got in 1999. K6-3 is already shown to top any PII in term of performance. K6-3 will position against Katmai. K7 will be position to what ever Intel comes out in late 1999. Maxwell

To: Crossy who wrote (40815)	11/4/1998 3:20:00 PM
From: Brian Hutcheson	Read Replies (1) \| Respond to of 1572953

Crossy , re. price to sales That is THE method for evaluating the stock of companies in AMD's position , where there has been a period of losses but sales are growing rapidly . Momentum investors i.e. those who pick companies whose earnings have a steady growth , look at P/Es . Contrarian analysts who look for turnaround situations of companies that have losses and fallen out of investor favour also use P/S as their main evaluation method . Brian PS aren't your estimates a little on the high side <vbg>

To: Crossy who wrote (40815)	11/5/1998 12:02:00 AM
From: RDM	Read Replies (1) \| Respond to of 1572953

Crossy, You are not alone in using price to sales ratio on AMD. I also am attracted to AMD from it price to sales ratio by comparison to market comparables and the potential of the future products soon to be released to cause a major increase in sales. AMD during the past few quarters have progressed from the $500M range to the $700M range in quarterly sales. Many believe that this quarter will yield $800M. The strong stock price rebounding from the first of October supports this point of view. Last year with much less substance that these solid revenues numbers the stock raced to $48 per share. Lets hope that low interest rates, stability in Washington, recovering Hong Kong and Japan will drive AMD much higher than that in the next few months.