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

To: tejek who wrote (74390)	10/6/1999 10:47:00 PM
From: steve harris	Read Replies (1) \| Respond to of 1572643

Ted, jc's also doing points of the conference call. jc-news.com steve

To: tejek who wrote (74390)	10/7/1999 12:24:00 AM
From: exhon2004	Read Replies (2) \| Respond to of 1572643

tejek: re Drew Peck's comments: AMD's current ratio deteriorated from 1.9 at the end of 1998 to 1.5 at end of q3. More ominously, their cash position plummeted 46% from $697M to $377M in the same time frame. Their cash burn rate is $1.2M per day. This means the operation Sanders is proposing selling at $80M is worth 68 days of cash to amd at historical cash burn rates. (Assuming they have a buyer at $80M). Peck has good reason to temper any enthusiasm over the potential of athlon with questions about amd's future as a going concern. Greg

To: tejek who wrote (74390)	10/7/1999 1:22:00 AM
From: Van Vo	Read Replies (2) \| Respond to of 1572643

messages.yahoo.com Drew Peck wrote: > "Obviously, this company is having big problems,'' said > Drew Peck, an SG Cowen & Co analyst. ''It's cash flow > negative. They are now at the point where they are > selling off pieces of their business to subsidize the > remaining piece. All their eggs are in one basket.'' I'd recommend this guy better going back school to study some recent history. Doesn't he remember what going on at Texas Instruments a few years back? TI disbanded it microprocessor unit, sold the whole of its defense industry, its printer and its memory business to focus solely on DSP business. And look at how sucessful they are now; since the sale of its Memory unit (over 3 years ago), their stock has been splitted twice and moved from $11/shr to the over $91/shr yesterday. He might be right 10 or 15 years back. But today with the rapid advancement of technology and the highly competitive market condition, in order to be successful AMD has to stay being focused and doing extremely well in only a few areas of their expertise, which is microprocessor/flash-memory businesses, rather than doing so many things and not very goods at any of them.