Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 207.67

+2.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: andreas_wonisch who wrote (34729)	4/3/2001 5:17:06 PM
From: brushwud	Read Replies (3) of 275872

AMD Files Suit Against Alcatel Business Systems AMD Says Alcatel in Breach of Contract on Flash Memory Products siliconinvestor.com AMD and Alcatel entered into a long-term agreement in 2000 under which Alcatel agreed to purchase and AMD agreed to supply flash memory products over a two-year period. "After several months of negotiation, AMD reluctantly took the step of filing a lawsuit as a last recourse after Alcatel refused to honor its commitments under an agreement that heretofore was hugely beneficial to Alcatel," said Walid Maghribi, senior vice president of AMD and president of the company's Memory Group. "AMD met all of its obligations to Alcatel, passing up opportunities to sell its products to other customers at prices significantly higher than those provided for in the agreement."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next