Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 231.83

+1.7%

Jan 16 9:30 AM EST

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To: Road Walker who wrote (34764)	4/4/2001 9:49:44 AM
From: Scot	Read Replies (1) of 275872

John and Thread There is a one paragraph story in this morning's WSJ about the suit. In it they say that at the time of the agreement, AMD was selling 16 mb chips on the open market at $43.50; today it's $7.25. Just a quick delurk to make one point. Sometimes performance is worse than breach. Alcatel may have decided that it made more sense to breach the contract and risk a suit and accompanying damages than pay the differential between the contract and spot price. Scot ps: One other unrelated point. As I recall, the stock buyback was intended to offset the dilutive effect of employee grants, and was not a buyback in the traditional sense.

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