Advanced Micro Devices Inc (AMD)

[facsnotfiction]

AMD will be profitable in Q403
The tide has turned and AMD is on it's way back to profitability. 2004 should be a good year for AMD. It's funny how some of the Intel folks were temporarily silent last night after the numbers came out. Nothing like a serving of crow pie to quiet the antagonists. I couldn't care less how they rationalize AMD vs Intel, this is the AMD board after all, or how they are still making money writing calls or puts on AMD, who cares. IN Q201, AMD made .05 and missed estimates by a lot causing AMD stock to quickly lose $10. Now AMD has blown away expectations in Q303 (.09) which will likely be it's last losing quarter for a while, like Q201 was it's last profitable quarter. AMD will likely see the 20's before this year is over. Prices will come down on A64 as volume ramps, but overall ASP's are going to keep rising. AMD is going to take more of the high end from Intel, and that's where the money is to be made. I look for AMD to as usual fare better in the tech spending recovery than Intel on a percentage basis. The icing on the cake will be when per share earnings for AMD pass Intel. Because when that happens AMD will certainly be above Intel in terms of stock price.