Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: bacchus_ii who wrote (147667)	11/13/2001 1:26:24 PM
From: herb will	Read Replies (1) of 186894

bacchus_ii "Yes but at a price much higher than current price, at $24.65 or $18.75, can't remember exactly." I believe that AMD converted $517,500 of convertible debt to common at a price in excess of $24 stiffing the bondholders. Jerry led everyone to believe that at the time of conversion in May that AMD was due for a stellar quarter. Two days before AMD’s scheduled earnings announcement in July Jerry comes clean and says that the quarter was really in the toilet(TM McManus). Of course Jerry knew in May that the quarter was a disaster because he admitted that more that 50% of the quarter’s revenues came in June. This is old news. How quick you AMD guys forget. Herb

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