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

To: Mani1 who wrote (54923)	4/9/1999 5:21:00 AM
From: Craig Freeman	Respond to of 1572208

Mani, it's a long story. I was a VAR at the time and hot-to-trot selling 386/40s into major accounts. When I heard news of a new AMD CPU, I got on the phone with AMD's PR group and we spent almost an hour talking about AMD's forthcoming "486-133". Part-way in, I mentioned the fact that I felt that their product would be better named as the "K5" than as an advanced 486. And she said that that they had been kicking a similar idea around but hadn't yet made up their minds. What she did say was that she was dead certain that the product would be released by early fall and that they were all in a rush to brand the thing. So I took that to mean the product was real and bought a few more shares to share in the glory. And I told a VERY important friend how I thought that AMD would give Intel some well-deserved hell. And he bought some shares. Then we waited, and waited and it was almost a year later that the product saw the light of day. By then, it was too little and way too late. And we watched our $36 shares fall to half their value before we sold. Which has been AMD's story even since. When AMD petered out I started moving CYRX CPUs and bought a few shares. And they told a similar story and I bought a whole lot more shares. And, like Pravin, I ended up with a whale of a tax loss. I guess you could say that I've "been there, and done that", twice. And I know how much it hurts. Craig