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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 221.02+6.4%Jan 13 3:59 PM EST

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To: Goutam who wrote (2759)8/11/2000 3:04:13 AM
From: GoutamRead Replies (1) of 275872
 
Finally found an article with details on 'Legerity Inc' (formerly AMD's Communications division). It seems, their quarterly revenue is about $75MIllions - which is slightly more than the max revenue figure I used in my eps analysis in this post
Message 14127514

Here is the link for the Legerity article -
quotes.freerealtime.com __________________

You may have to register to freerealtime.com to view this.
--Pertinant excerpts --

Austin, Texas-Based Computer Company Spins Off Chip Division

[...]

The spinoff from Advanced Micro Devices Inc. has a firm customer base, $300 million in annual sales, a veteran staff of 250 workers and a portfolio of several hundred patents.

Now all it must do is recruit a new chief executive, fill about 60 job openings, find a new headquarters site in town and beef up its product portfolio. All those moves are part of a plan for a public stock offering within 18 months, company executives said.

[...]

"It's a good little division," said analyst Fred Zieber with Pathfinder Research of San Jose, Calif. He said, "It was an orphan within AMD," which has been preoccupied in recent years with its rivalry with Intel Corp. while trying to gain a foothold in the microprocessor business.

"A year from now they could be the hottest company in the world," Zieber said. "It's amazing what getting rid of the parent company can do for you."

Legerity is an independent company, but it still has ties to its former parent. AMD has agreed to manufacture, test, package and ship many of the new company's chips for the next five years. AMD retains a 10 percent ownership interest in the company.

Legerity also is leasing 35,000 square feet of space from AMD at a former Lockheed site in Southeast Austin. The company expects to find a new headquarters space by the end of the year.


[...]

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Goutama
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