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Technology Stocks : Intel Corporation (INTC)
INTC 40.78+0.7%3:59 PM EST

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To: Gary Kao who wrote (166649)6/19/2002 11:10:10 PM
From: ptanner  Read Replies (1) of 186894
 
Gary, re: AMD's burn rate

I was surprised by the convertible bond offering in January but it was well timed given subsequent events. While it was known AMD was planning for its next fab... I think the reason for the offering was to address the current portion of its long-term debts.

At losses of $200M/qtr I think AMD would be hard pressed in a year. There may also be specific loan guarantees which could be triggered - I haven't studied these portions of the annual report and they are probably not fully detailed anyway.

Here is a link, though: amd.com

-PT
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