The entire world and its dog is waiting for AMD's results at 21.30, UK time. It predicted a big loss, as usual, but has more ammunition this time than last year. Will IBM buy it? It should. AMD's share price has languished in the so-called US term "boondocks" for the last two weeks at seventeen bucks a share. As we have consistently maintained over the last two weeks, AMD is thoroughly undervalued ( a bit like Compaq) Them that bought at $17 per share will be pleasantly surprised over the next weeks and months, particularly as AMD has practically every PC OEM in its grip apart from Dell and Gateway, the Intel distributors. ®