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

To: Goutam who wrote (112472)5/24/2000 4:41:00 PM
From: Valueman  Read Replies (1) | Respond to of 1571808
 
Why do a secondary? Why do it now? AMD has plenty of cash, and more on the way. Equity is far more expensive than debt leading to a much higher cost of capital. That train of thought makes no sense.



To: Goutam who wrote (112472)5/24/2000 4:43:00 PM
From: Joe NYC  Read Replies (1) | Respond to of 1571808
 
Goutama,

I think AMD has enough cash on hand, 900 million, and is about to receive another $350 million from the sale of comm division, and another $100 to $200 million in Q2 earnings.

Joe



To: Goutam who wrote (112472)5/24/2000 6:40:00 PM
From: Bob Howarth  Read Replies (1) | Respond to of 1571808
 
Announcing a secondary in this market would be beyond belief. It would illustrate a complete lack of any credible business sense. Sure hope you are wrong.


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