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Politics : Formerly About Advanced Micro Devices

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To: Petz who wrote (112522)5/24/2000 7:47:00 PM
From: Yougang Xiao  Read Replies (1) of 1575761
 
Petz: <<I think the reason AMD rushed the meeting was to beat Intel to a split, as nonsensical as that seems.>>

When the original proxy was prepared (late Feb early March), AMD was not anticipating a stock split, therefore, no proposal of share increase was included in the original proxy.

The share increase proposal and the seperate meeting tomorrow are a after-thought of AMD management as a result of AMD stock run-up in late March and April.
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