25 Quotes by Drew Peck

When it rains, it always seems to pour at AMD.

The PC business looks like it's going to be struggling for most of next year. If you look a little bit outside the PC world and look at some of the things that are going on in the consumer and industrial sectors, looks to me like there is going to be a nice rebound coming.

We saw a sharp drop in demand for processors. If that sustains, then it's likely we'll see some disappointments in the PC sector and related component companies.

There's no more upside coming. So we're not going to see more than 65, maybe 70 cents out of this company for the whole year. This is a very expensive stock to be earning 65 or 70 cents.

A lot is going to hinge on how much credibility there is in the comments ... that the microprocessor business has stabilized.

They had an upside surprise in gross margins, but their guidance for 2002 is basically flat from here.

The numbers themselves tell a pretty grim story, so if you're going to hang your hat on this, you have to believe the qualitative commentary rather than the quantitative information.

It's not a disaster. But it's just not good enough to rally the stock.

I'm not only in agreement, I've been feeling for quite a while that these issues are going to emerge pretty soon. I guess the only question I have is, if everything that Kumar described is true, which frankly, I believe it is, then why does he still have a 'buy' on the stock?