Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 207.67

+2.2%

3:59 PM EST

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To: tejek who wrote (56353)	9/25/2001 6:04:12 PM
From: SisterMaryElephant	Read Replies (2) of 275872

Ted, <I agree cutting costs is smart right now but what did those two fabs produce?> The most pertinent info I found was from this article (SEC info): news.moneycentral.msn.com Specifically, Our Foundry Services segment consists of fees for services that we provide to Legerity and Vantis, our former PLD subsidiary. On August 4, 2000, we completed the sale of 90 percent of Legerity for approximately $375 million in cash, effective July 31, 2000. We retained a ten percent ownership interest in Legerity and a warrant to acquire approximately an additional ten percent. As part of the transaction, we entered into various service contracts with Legerity to continue to provide, among other things, wafer fabrication and assembly, test, mark and pack services to Legerity. and Foundry Services ($142 million, or 3 percent of our 2000 net sales) include fees for services provided to Lattice and Legerity. SK

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