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

To: gerard mangiardi who wrote (46167)	1/15/1999 9:51:00 AM
From: Kevin K. Spurway	Read Replies (3) \| Respond to of 1573413

Needham & Co. upgrade? Anyone catch this yesterday? "Meanwhile, it looks like the AMD selling panic has ended, just as Needham & Company, a New York analyst, upgraded them from a Hold all the way to a Strong Buy, basically citing that AMD's quarterly report was in fact pretty darn good. Here are some snippets: AMD appears to be entering a period of enhanced results We now estimate that over the next five years, AMD can attain revenues of $7.5 billion and EPS of $4.50 We believe that the negative reaction to the 4Q98 results is unwarranted Even with the lower figures (ASP), AMD's revenue growth exceeded Intel's on both an annual and sequential basis Important Sharptooth and K-7 rollouts appear on track, setting the stage for substantial revenues and earnings growth over an extended period; we recently named the K-7 the most significant new semiconductor product of 1999 Would aggressively purchase AMD up to the mid-30s we feel comfortable projecting an improved ASP of $95 [for Q1'99] Estimated [Q1] EPS is $0.22 " chiptech.com Almost shocking to find an analyst out there not following the herd. Kevin

To: gerard mangiardi who wrote (46167)	1/15/1999 9:53:00 AM
From: Time Traveler	Read Replies (1) \| Respond to of 1573413

Gerard, Your analysis is very rational. However, AMD is a very irrational company. Given with so many great opportunities, this company just cannot execute. PERIOD. Time Traveler