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Technology Stocks : Intel Corporation (INTC)
INTC 39.97-3.5%3:35 PM EST

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To: milo_morai who wrote (144798)10/6/2001 3:03:10 AM
From: wanna_bmw  Read Replies (1) of 186894
 
Milo, Re: "I guess that Billion Cash isn't good for anything is it? "

Correction:

Only about $190 million of their "Total cash, cash equivalents and short-term investments" is in actual cash or cash equivalents. $664 million is in short term investments, which are not as easy to become liquid if AMD needed it. Finally, $39 million is in long term investments, which aren't useful if AMD really needed the money. Also, consider that AMD borrowed $334 million last quarter, giving them a total of $750 million in long term debt, while only paying back $48 million. Finally, they have over $1 billion in total liability that they will eventually have to pay for.

A $200 million loss this quarter certainly isn't going to come from a bucket of bills totaling $1 billion in the back room.

edgar-online.com

wanna_bmw
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