Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Maxwell who wrote (46112)	1/15/1999 1:25:00 AM
From: Paul Engel	Read Replies (2) of 1583508

Maxwell - Re: "Cash increased over $100M" I just listened to the Conference Call - and DISCOVERED where a lot of that $100,000,000 came from. AMD SOLD THEIR HEADQUARTERS BUILDING ! They now lease that building ! So the sale price of the building produced a large chunk of that $100 million ! Well - AMD's headquarters doesn't belong to AMD any more - AMD is just a TENANT ! And your building - MegaFlop 25 - is mortgaged to the BOND HOLDERS - holding about $400,000,000 in AMD DEBT! This financial structure really needs to be investigated further - AMD may be in much deeper money problems than most people realize. Paul

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