Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (103300)	5/11/2000 2:39:00 AM
From: Joe NYC	Respond to of 186894

Duke, It is responsive to the question only of the effect of a "downturn in the semi business" on AMD as compared with INTC. Ok, I must have missed the start of the conversation. I don't think the scenario (downturn in the semi business) is likely in the 12 to 18 months. Joe

To: The Duke of URL© who wrote (103300)	5/11/2000 3:10:00 AM
From: ptanner	Respond to of 186894

Duke - <BTW what is the conversion rate of the ($500MM) debt? If you know.> I pulled this information a while back (24-Jan) but the basic numbers are fine, the price premium has likely increased considerably: Advanced Micro Devices (AMD) 6.00% Convertible Subordinated Notes due 2005 =============================================================================== Convertible Price: 121.125% Delta: 47.73% Common Stock Price: $39.313 Volatility (100-day): 50.0% Current Yield: 4.95% Credit Spread: 790 bps Yield-to-Maturity: 1.81% Investment Value: 70.31% Conversion Premium: 14.00% Premium over Investment Value: 72.27% Conversion Price: $37.000 Credit Ratings: Caa1/CCC Call Protection 1.32 yrs (a) Issue Size: $517.5 MM (a) Provisionally callable from 5/16/01 to 5/14/02 should the stock equal or exceed $48.10 for 20 consecutive business days out of 30 consecutive business days; hard call protection expires on 5/15/01. Source: Morgan Stanley Dean Witter --------------- PT