Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 217.91

+0.9%

Dec 5 9:30 AM EST

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To: kapkan4u who wrote (50692)	8/10/2001 11:33:21 PM
From: Windsock	of 275872

Re:"This characterization [screwing the little guys] is too generous for a multi-national corporation going around screwing little guys." You have no idea how the construction business works. Intel signed a contract with the General Contractor to construct the facility per a spec. The General contracts with a large number of subcontractors to perform defined tasks. Intel pays the General and the General pays the subs. The General will invariably have subs that do not perform to spec or there is an argument about the spec, and the General refuses to pay the sub until they fix the problem. The non-performing subs then file a construction lien against the property to protect their claim. The lien also is intended to embarrass the property owner and leverage negotiating power. The lien is only good if the property is sold or if the lien holder wins a judgment and then forecloses on the property. The General will deal with the disputes and settle or pay any judgments. On a project, this huge there are certainly performance bonds to protect Intel against any failure of the General to pay the subs.

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