Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Elmer who wrote (34310)	7/12/1998 5:43:00 AM
From: JBoyd	Read Replies (1) of 1572172

Thanks for the response. I was surprised that you hold some AMD stock. Right now I'm thinking I will close out half of my position. AMD isn't the only stock I own, but it sure isn't part of a well diversified portfolio. Petz, Ali, Albert, Brian tell me why that would be a mistake. It certainly would be if AMD can meet its covenants with the bank regarding future earnings. "7.19 Profitability. The Company shall not suffer or permit (a) a net loss of greater than $20,000,000 for the third fiscal quarter of 1998, and (b) net income to be less than $1.00 for the fourth fiscal quarter of 1998, and for each fiscal quarter thereafter, in each case determined for the Company on a Consolidated basis." I can see them making these goals in the third and fourth quarter, but I don't have any idea going forward into 1999.

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