We believe investors need to wait to buy the stock until the market better understands if and when Intel's aggressive pricing strategy, which we believe in part caused this preannouncement, begins to have a negative impact on AMD's fundamentals.
More Quotes from James Covello:
We continue to believe that the inventory build in the industry is important, because it has historically led to an inventory-driven downturn with semiconductor companies cutting back on unit production and capacity additions as inventories are absorbed.James Covello
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