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

To: Scumbria who wrote (112152)	5/23/2000 3:22:00 PM
From: chic_hearne	Read Replies (2) \| Respond to of 1570409

Scumbria and thread, I just got this e-mail from a lurker, maybe this explains AMD's recent movement? Did I miss something, or is this wrong? I don't remember this being discussed on the thread. >From: @aol.com >To: chic_hearne@yahoo.com >Subject: amd >Date: Tue, 23 May 2000 15:00:48 EDT > >It looks like he owned 1.93 million shares and he has sold 825,256 shares >since 2/5. Almost half his shares. The entire article is below. > > >SEC Filings > > >Advanced Micro Devices CEO hits pay day > >By Matt Andrejczak & Amanda Tyler, CBS MarketWatch >Last Update: 8:51 PM ET May 19, 2000 SEC filings > >WASHINGTON (CBS.MW) --The chairman and chief executive officer of >up-and-coming chipmaker Advanced Micro Devices is handsomely benefiting from >his company's booming stock price. > >W.J. Sanders III's planned sale of 190,000 shares of Advanced Micro's stock >on May 12 follows a string of sales transactions dating back to Feb. 8. > >Overall, those sales consist of 825,266 shares valued at $63.215 million, >according to a Form 144 released by the Securities and Exchange Commission on >Friday. > >An SEC Form 144 only shows a filer's intent to sell shares. Actual >verification of sales, when they occur, is required in later filings. > >Sanders owns 1.93 million shares of Advanced Micro, of which 1.8 million >shares are subject to options that became exercisable on Feb. 28 or 60 days >thereafter, the company's latest proxy indicated. > >Advanced Micro (AMD: news, chart) has 171.9 million shares outstanding. > >Shares of Advanced Micro, which is the arch rival of Intel Corp. (INTC: news, >chart), have skyrocketed 190 percent so far this year. > >Strong demand for its Althon processor and flash memory chips have largely >propelled the surging stock price. > > > > >Advanced Micro's first-quarter profit of 189.3 million, or $1.15 per share, >on sales of $1.09 billion blew away Wall Street's consensus estimate of 58 >cents per share. > >It was the company's second profitable quarter in a row after it struggled >with manufacturing problems and nasty price wars with Intel in 1999. Sanders >called it the company's "best quarter in its history." > >Shares of Advanced Micro closed down 2 11/16 to 83 13/16 on Friday. > >Amerigroup lays out stock offering