Replies to post #2162 on AMD strictly moderated (AMD)

[cruzbay]

Continuing in that vein:
"ThinkEquity's Ross warned investors that those losses may
continue and set a target price of $16 for the stock, a cut of
$10 from his previous mark. On Feb. 17, RBC Capital Markets's
Apjit Walia said the bottom for Intel stock is ``nowhere in
sight,'' citing inventory buildup and gains by Advanced Micro."

``They are going to slow AMD's gains but that's going to
come at a cost to revenue and profits,'' Ross said. ``Things are
very tough, a lot tougher than people think.''

Lau, who retains his ``buy'' rating on the stock, said he is
concerned Intel encouraged PC makers to hold off ordering until
April, when the price cuts are expected.
``If you have a price cut that far in advance you have a
stall,'' he said. ``We could be looking at a huge miss.''

[wbmw]

Re: His timetable was after the June quarter, when the price will be a lot lower than it is now.

His points are only valid for the current time frame. I can't see a lot of upside for the first half, unless Core Duo or Presler ramps better than expected. Intel will still lose share in servers, where they are predominately single core against what is now a mostly dual core lineup from AMD. This is a serious vulnerability, but I think Intel's other segments are looking better, especially by Q3. It depends on a lot of things, and you should take Eric Ross with a grain of salt, just like any perma-bear.