Maybe you can make another 50 percent from here, but people are skittish, ... The problem in this market is that everyone's looking for the momentum play. Any sort of fear that a company isn't going to be able to sustain a momentum ends up a reason to dump shares.
More Quotes from Eric Ross:
We keep hearing from our Asian supply chain partners that AMD is having a great quarter.Eric Ross
In 2000 flash was a huge contributor to AMD's earnings, ... In 2003 it was a contributor as well, but if pricing continues, it will be a drag for the company, and there are no natural buyers of the AMD flash business.
Eric Ross
Does the drop in Intel's stock worry me No. It's an indication that people made money in Intel and are trying to lock in their gains.
Eric Ross
People are less likely to travel to Hong Kong but does that mean business is slow because of that No, it's because the economy hasn't picked up.
Eric Ross
We are hearing the back-to-school season was good and that notebooks were particularly strong, ... We are expecting they are going to see normal seasonality for the industry into the fourth quarter.
Eric Ross
The move in stock is a little overdone. There is an expectation that business will improve due to the lawsuit and that's the sole reason that the stock has gone up, ... But the case will be heard probably in a year and a half at earliest so I'm having trouble believing that this will have a near-term benefit for AMD.
Eric Ross
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