Advanced Micro Devices Inc (AMD)

[bobs10]

BTW, short-term treasuries are not all that unattractive these days.

ME...

And it looks like they will get a lot more attractive, but It's not my type of investment. Not a bad place to temporarily park funds your not using though, but I would stay away from longer dated securities. 2 years out is probably as far as you want to go. If anyone has variable rate debt that would probably be a good thing to be paying off as the Fed now seems intent on continuing to raise rates for some time.

One of the nice things about AMD as an investment is that about 85% of its' business is done outside the U.S. The places where it is selling most of its' products are the places with the highest growth rates and the least computers.

All the design wins of the last couple of years will continue to show up as new sales so even in a slow down in the U.S. AMD will probably do ok. Overseas, the real functionality gains of PCs, not to mention the "cool" factor of having a laptop will continue to drive sales. I suspect PCs are ranked about 3rd on the "cool/must have" chart next to cell phones and music devices.

So, while I expect a turn down in the U.S. economy I don't think AMD will be hurt that much. It might even be a standout performer in the coming drop. Now if Europe/JP gets involved in any down turn then things start to look a lot iffier.