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Politics : Formerly About Advanced Micro Devices

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To: Maverick who wrote (34540)	7/21/1998 1:42:00 AM
From: Paul Engel	Read Replies (1) of 1571926

Maverick pubs.cmpnet.com Creditors Put the Squeeze On AMD (1:55 p.m. EDT, 7/17/98) By Mark Hachman A group of Advanced Micro Devices Inc.'s creditors has warned the company that if it fails to meet certain financial requirements, it will default under terms of a credit agreement valued at $800 million. In an 8K report filed with the Securities and Exchange Commission dated July 8, one clause of the amended agreement states: "AMD shall not suffer or permit (a) a net loss of greater than $20 million 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." Still, analysts doubted that the creditors, led by Bank of America National Trust and Savings Association, would actually foreclose. {=============================} Well the B of A foreclose on the Sunnyvale White House? Tune in Next October for the continuation of the AMD Challenge ! Paul

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