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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Burt Masnick who wrote (63149)	6/24/1999 1:13:00 PM
From: Kevin K. Spurway	Respond to of 1570804

Re: "Were there any conditions on the bonds AMD sold, like profitability levels that had to be maintained?" Sure, and you can bet the trustee for those bondholders is going to drive AMD right out of business, ASAP! Then the bondholders would get their money back with interest, right? Kevin

To: Burt Masnick who wrote (63149)	6/24/1999 1:23:00 PM
From: Paul Engel	Respond to of 1570804

Burt - Re: "Paul - Were there any conditions on the bonds AMD sold, like profitability levels that had to be maintained? " AMD has several BOND issues. The only thing I know for sure is that BONDS sold in the 1995/96 time frame have pledged MEgaFLOP 25 as collateral for the bonds. So, if AMD defaults, the bondholders will receive Arsenic cannisters, acid waste disposal systems, and a lot of 0.35 micron process equipment - with very little mileage ! Paul