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Politics : Formerly About Advanced Micro Devices

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To: StockMan who wrote (37956)10/2/1998 7:57:00 PM
From: JBoyd  Read Replies (1) of 1572381
 
AMD Cash Position

Stockman:

You bring up very few good points and should post much less than you currently do, but I think your point about cash flow being a concern at AMD is true; they are very heavily leveraged.

Whether they have $400 million or $600 million isn't important, its whether they have enough resources to complete Dresden and cover any losses which they might incur initially. They certainly don't have the resources to incur losses like last quarter on a long term basis. The last 10Q was confusing to me; the numbers don't completely make sense.

Fab Cost 1,900
Dresdner Bank (932)
Saxony Grants (283)
AMD (270)

Net 415

Would appreciate any help you or anyone else has to offer.

Jeff
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