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: tejek who wrote (52090)	8/22/2001 11:10:08 PM
From: brushwud	Read Replies (1) of 275872

However the balance sheet indicates the company [INTC] made a profit last quarter so they shouldn't be burning cash. Where did the cash go? Intel has a regular program of spending $1 billion/Q to buy back their own shares. I think it's hilarious that every $28 would earn $1/year in interest if they held onto it, but invested in INTC earned only 3 cents last Q. Intel is sitting on a lot of cash..... on $9.4 billion...they could go for over 3 years at what appears to be their quarterly burn rate. You seem to imply that any level of cash is just discretionary, but every company needs a certain amount of cash just to run their business. I doubt if they'd be very healthy with, say, $3 billion in cash.

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