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


To: EricRR who wrote (112653)5/25/2000 12:01:00 PM
From: Pravin Kamdar  Respond to of 1571234
 
Ratbert,

Also does anyone think it was the sale of the comm division that pushed AMD down? As Tad pointed out, this will lower our "after one time events"
profit this year, due to taxation. Not that investors should have forgot that our tax write off was also a one time event.


I don't like the timing of the sale. I would have preferred that the sale go through in Q4 when AMD would have been paying taxes on earnings from operations anyway. The way that they have done it, Q3 profits from operations are going to be limited by taxes that probably would not have come into effect until Q4 without the sale of the comm division. But, I'm sure AMD had good reason for doing it the way they did.

Pravin.