Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	8/6/2000 7:50:34 PM
From: tejek	Read Replies (1) of 1576323

Already posted...reposted because CBS Marketwatch believes the sale of the comm. group will move the stock on Monday ____________________________________________________________ AMD, Gateway, Verizon and more By Debra McGarry & Rachel Koning Last Update: 8:07 PM ET Aug 5, 2000 NewsWatch Latest headlines After the market closed Friday, Advanced Micro Devices (AMD: news, chart) said it completed the sale of 90 percent of its communication products division to Francisco Partners for about $375 million in cash. Advance Micro has retained a 10 percent ownership interest in the business and also has a warrant to acquire an additional 10 percent. The new entity will be named Legerity Inc. Shares of AMD fell 3 1/8 to settle at 62 5/8 ahead of the news. Today on CBS MarketWatch Chip sector shadows market United Airlines cancels more Chicago flights Verizon workers strike Heat wave powers utility stocks Sidelines: Sports University delivers pep talk More top stories... CBS MarketWatch Columns Updated: 8/6/2000 12:47:16 PM ET

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