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

To: kapkan4u who wrote (66066)	7/21/1999 2:48:00 PM
From: Saturn V	Read Replies (4) \| Respond to of 1573994

I stated "I sincerely believe that Raza quit because he wanted to downsize AMD's fabs to reduce AMD overheads, and cut AMD's break even revenue point. Sanders, the perennial optimist, could not consider it. He is a gambler and is betting the company and all the shareholders money, for his last roll of the dice. Raza was more pragmatic and wanted to keep AMD alive if the K-7 ramp does not meet Sanders wild dreams." in post Message 10559510 And you responded "Do you have anything more than your sincere believes to offer?" Well KapKan, here is official confirmation several days after my posting. austin360.com Please note the following: <Raza declined to spell out his differences with Sanders, but said he believes that AMD must cut its operating expenses and lower the level of sales it needs to achieve to break even. But at least one investment analyst who follows AMD said he thinks the rift between Sanders and Raza may be wider than portrayed by Raza and the company, and centers on a new factory in Dresden, Germany, designed to help augment AMD's Austin operations. Analyst Ashok Kumar with Minneapolis-based U.S. Bancorp Piper Jaffray said he has talked with executives at AMD. Kumar said Raza wanted to sell the company's $1.9 billion new factory in Dresden, which is expected to begin production early next year. Sanders didn't. "I think he wanted to sell off the Dresden Fab to be profitable at a lower run rate," Kumar said. "Atiq was pushing for change and Jerry was fighting him." When asked about the Dresden factory Tuesday, Raza sidestepped the question. > MY SINCERE BELIEF WAS RIGHT ON THE MONEY!