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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.80+1.7%Jan 16 3:59 PM EST
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To: hmaly who wrote (83300)6/23/2002 2:19:37 PM
From: Monica DetwilerRead Replies (1) of 275872
 
and still maintained their cash balance at 1 billion.
Maintained?
Hardly.
Yes, AMD claimed that they expect to have $1 Billion in cash/equivalents at the end of Q2.
However, you are neglecting the fact that they started Q2 with $1,276,723,000 in cash/equivalents.

Ergo, AMD will have dissipated $276,723,000 from their cash/equivalents this past quarter - a 21% drop in only one quarter.
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