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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: andreas_wonisch who wrote (83232)6/22/2002 3:41:03 PM
From: Gary KaoRead Replies (3) of 275872
 
Regarding AMD going bankrupt:
why are you so skeptical this can happen? AMD has $1 billion in cash/short term securities. It owes the state of Saxony $1 billion, albeit over five years. It will lose $200 million this coming quarter, and probably for at least the next three quarters. Even if Hammer is successfully launched, the revenue from it will be initially paltry. The simple math seems to suggests AMD COULD be technically bankrupt in a year?!!
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