Advanced Micro Devices Inc (AMD)

[HailMary]

I think today's news was big! I'm surprised by the level of endorsement by Sun.

I have followed AMD for a long time (10+ years), and I have always been of the opinion that AMD was a trading stock. When others have said this time it is different (K5, K6, Athlon), I chuckled and quietly began selling. Well you know, this time, I'm starting to actually believe it is different. Why?

1. IBM endorsement of an AMD server chip
2. Sun endorsement of an AMD server chip
3. Cray endorsement of an AMD server chip (will be the top supercomputer!)
4. Apparent flash recovery in sync with AMD's additional stake and capacity build up
5. all the tech forums I follow are buzzing about A64 and Opteron (bodes well for high end desktop sales and general perception)
6. My desire to actually buy an AMD based product (the new Voodoo Envy laptop and an FX51 desktop)
7. Intel seems to be having trouble with 90nm (short lived and over hyped I'm sure)

I think there is a lot of momentum here, and I expect it will be reflected further in the stock over the next several months ($25-$30). I'll probably write some aggressive puts tomorrow (I would like to be assigned), and either buy more stock or some calls with the proceeds.

The stock my have been down today, but I have seen this many times. The market often takes weeks to process news like today.

HailMary