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

To: A. A. LaFountain III who wrote (52817)	3/18/1999 9:58:00 AM
From: Burt Masnick	Respond to of 1578717

And a fine history AMD has when it comes to realizing their PROFIT potential.

To: A. A. LaFountain III who wrote (52817)	3/18/1999 10:07:00 AM
From: Scumbria	Read Replies (1) \| Respond to of 1578717

Tad, During my meeting with Fran Barton, he spent a not inconsiderable amount of time discussing the variable nature of the yields that had been experienced in the first part of the quarter. Could you share some of this information with us? I would find it very interesting from a technical viewpoint. Thanks, Scumbria

To: A. A. LaFountain III who wrote (52817)	3/18/1999 12:54:00 PM
From: RDM	Respond to of 1578717

<Investors on this thread, particularly, should welcome this type of behavior> I for one read with enjoyment you well-expressed opinions. You seek to model the future behavior of the stock seven quarter forward. Of course this is difficult to do with accuracy. I feel compelled to point out that AMD has not historically lived up to it's potential in the eyes of many investors. Delays have been overused as euphemism for failure. This lack of investor trust helps explain how the current stock price can be this low in price now (by fundamental measures) yet have such an outstanding economic potential. If AMD K7 performance, as expected by by many of the engineers on this thread, crossed the Intel upper performance line then the current scorched earth "Jihad" strategy at Intel cannot be maintained against the K7 resulting in an exponential in ASP and profits at AMD. We all wait with interest for the K7 roll out while AMD is kept in business by the K6-III. If there are not too many delays, the K7 will be a serious top line enhancing factor within four quarters from now and possibly sooner.

To: A. A. LaFountain III who wrote (52817)	3/18/1999 1:16:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 1578717

Tad - Re: " AMD's potential ability to leverage profits as it moves up the value chain with the K-6-III and the K-7." This thread is "littered with the remains" of those that have invested in "AMD's Potential" over the past 4 or 5 years. AMD's potential has ALWAYS brought AMD's stock price down to the mid-teens (or lower) as their POTENTIAL for LOSING MONEY has been fully realized. Re: " I use a long-term earnings growth model as the basis of my recommendations." I suggest you get a better model - AMD has no long term earnings - at least not over the past 4 or 5 years. A long term earnings model for them is a piece of pure fiction - at best, speculation. You seem to ignore AMD's competition and the ability of that competition to out-perfrom, out-manufacture, out-design, out-market and out-maneuver AMD. Many, many, many posters on this thread have made the same mistake. For someone such as yourself - who advises OTHERS how to invest THEIR MONEY -I suggest you look at AMD in the full context of their competitive position. Perhaps you will see that AMD is at best a very risky bet. Paul