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Robertson Stephens' analyst Eric Rothdeutsch, who incidentally, was asking Intel questions at its financial mid quarter meeting yesterday evening, has re-issued a "buy rating" on AMD stock. But the same analyst has told his client that he is unconvinced Intel is achieving "robust PC sell through" and says the stock is fairly valued at current levels.Rothdeutsch, who like rival Eric Ross at Thomas Weisel, has been advocating AMD as a good buy for some time now, appeared to accept the firm's statement that sales will be 10 per cent better quarter on quarter, because of greater demand for its Athlon XP which beats the Pentium 4 on price and performance.
It has raised its 12 month AMD price target from $16 to $20.
News source: The Inquirer