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

To: Petz who wrote (115172)	6/9/2000 3:17:00 PM
From: TimF	Read Replies (1) \| Respond to of 1572374

Agreed. Also, I think AMD is waiting for a few days over 100 before announcing a 3:1 split. Splits effect on options - I understand that currently owned options will be revalued. (With a 3 for 1 my October 120s would become October 40's), but will the higher strike prices remain available to trade? This might create some affordable out of the money LEAPS. Tim

To: Petz who wrote (115172)	6/9/2000 5:09:00 PM
From: jbkelle	Read Replies (1) \| Respond to of 1572374

My understanding of management's thinking is that a sustained price of $100 per share will bring a 2:1 split. I don't know how they define "sustained", but probably more than a few days, less than a year. I discount thoughts of anything other than a 2:1 split, as well as any timing prior to the next earnings announcement. My understanding is that the next announcement having to do with their financial structure will concern the notes they offered about 2 years ago. JBK