Thursday, June 17, 2004 9:30:22 AM
Things are constantly in a state of flux. If you think I'm wedded to AMD forget it, I just look for opportunities and try to act accordingly. I had no problems selling AMD during the 2k washout when it became obvious that a very big, industry wide, correction was at hand, but I never lost sight of what was going on at AMD. All the way down I kept selling and buying back every time it looked like we might be reaching bottom. Trouble was that bottom was a lot farther down than I fathomed. Not to worry though everything worked out and I'm up about 3 dollars for every one I've invested in AMD. Not too bad for 5 years of very hard work.
The thing that again attracted me to AMD 5 years ago was the possibility that AMD could finally become a significant player in the development of the most significant technology of our time. I knew monopolies never last, for a thousand reasons, some of which we're seeing played out today. This is especially true of industries that are as fundamental as computer processors are to the way the world works today. Duopolies, on the other hand are a more stable form, especially if marginal players are included.
When I looked at INTC I saw the things we're seeing today in spaces. Namely, a company advanced in age and starting to suffer from poor management, lack of innovation, and an ill defined game plan. On the other hand when I looked at AMD I saw a company used to living on the edge, that constantly confounded its critics by its mere existence. With the Athlon, AMD finally had a chance to overcome what were admittedly long shot odds. The last 5 years have seen steady progress, even with some production setbacks. The addition of Hector to the management team was the final piece needed to propel AMD out of the "me too" existence that had marked so much of AMDs prior existence.
Today AMD has the better management, better products, better production processes and better corporate structure when compared to INTC.
For me we're in the 5th year of what I had always perceived as a 5 year turn around. Now is when things get golden.
Recent AMD News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 08:15:50 PM
- Futures Pointing To Continued Strength On Wall Street • IH Market News • 08/01/2024 01:07:37 PM
- U.S. Stocks Rally On Upbeat Earnings News, Rate Cut Optimism • IH Market News • 07/31/2024 08:44:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:20:22 PM
- Upbeat Earnings News May Spark Early Rally On Wall Street • IH Market News • 07/31/2024 01:07:54 PM
- AMD Shares Surge 9% on Earnings Beat; Match Group Rises 10%, Pinterest & Lemonade Drop 13%, and More Earnings Updates • IH Market News • 07/31/2024 09:59:10 AM
- Nasdaq Moves Sharply Lower As Tech Stocks Slump But Dow Moves Higher • IH Market News • 07/30/2024 08:53:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:17:15 PM
- AMD Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/30/2024 08:15:48 PM
- Futures Pointing To Another Lackluster Session On Wall Street • IH Market News • 07/30/2024 01:23:43 PM
- U.S. Futures Climb Before Fed Meeting; Oil Prices Drop on China Demand Worries • IH Market News • 07/30/2024 10:06:14 AM
- F5 Shares Rise 15%; Diageo Falls 10% on Annual Sales Decline; BP Boosts Dividend and Buyback Program • IH Market News • 07/30/2024 10:03:59 AM
- Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement • IH Market News • 07/23/2024 10:00:52 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:13:32 PM
- AMD President Victor Peng to Retire • GlobeNewswire Inc. • 07/22/2024 08:10:00 PM
- Nasdaq Tech Stocks Show Partial Recovery; Oil Prices Rise • IH Market News • 07/18/2024 10:01:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:07:35 PM
- AMD to Report Fiscal Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/16/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 08:13:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 08:05:20 PM
- Costco Hikes Membership Fees; ON Semiconductor Stock Drops 3%; WD-40 Soars 13% on Strong Q3 Earnings • IH Market News • 07/11/2024 10:17:26 AM
- AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally • GlobeNewswire Inc. • 07/10/2024 01:05:00 PM
- U.S. Stock Futures Rise Amid Focus on Fed Chairman Powell’s Speech, Oil Prices Fall • IH Market News • 07/09/2024 10:56:09 AM
- U.S. Stocks Close On Mixed Note; Nasdaq, S&P Hit Record Closing Highs • IH Market News • 07/08/2024 08:48:15 PM
- U.S. Index Futures Modestly Higher Before Key Economic Data Release; Early Closure for July 4th Holiday • IH Market News • 07/03/2024 11:01:33 AM
Maybacks Global Entertainment and ZEASN Technology Private Ltd. Sign Global Licensing Agreement • AHRO • Aug 8, 2024 7:00 AM
SANUWAVE Will Host a Conference Call on August 13, 2024 at 8:30 AM (ET) to Present Q2 Financial Results • SNWV • Aug 8, 2024 6:59 AM
Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • BMXC • Aug 7, 2024 10:00 AM
Btab Ecommerce Group, Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • BBTT • Aug 7, 2024 9:00 AM
Hydromer, Inc. Announces Preliminary Unaudited Second Quarter 2024 Financial Results and Provides Business Update • HYDI • Aug 7, 2024 8:52 AM
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM