Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.14

-0.8%

Jan 9 9:30 AM EST

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To: Petz who wrote (34790)	4/4/2001 11:41:41 AM
From: Bill Jackson	Read Replies (1) of 275872

John, Yes, there is a concept that allows you to get out of ruinous contracts or at least make a compromise. Same as what is happeneing in CA right now with dereg power. Force Majeur is usually hurricanes, wars, earthquakes etc, but they can stretch it to fit this if ruin is imminent. Alcatel just wants to break a contract to save money. We had a bunch of that here in Toronto with people buying houses with small downpayments and 6 month clisings in an up market. Between the sale time and the close the house goes up 15% and that is $30-50,000 and of course some of the sellers refused to sell. They were sued for specific performance and lost. Alcatel is just negotiating for a lower price. AMD protests because they will lose $$, money they would have made if they had stayed spot on the Alcatel goods. Alcatel will lose, but will drag it out and out for years. While this happens no-one will be eager to sign contracts for parts with Alcatel. Bill

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