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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: AK2004 who wrote (157)	7/7/2000 12:42:25 PM
From: Joe NYC	Read Replies (3) \| Respond to of 275872

albert, Can you explain the parameters of the convertible bond in greater detail? Anyway, if AMD is successful with the offer for the 400 million and if all of the convertible is converted to stock, AMD will be debt free, with at least 500 million cash on hand. How many new shares will be created by the conversion? Buying back the convertible would in effect be similar to stock buy-back. Joe

To: AK2004 who wrote (157)	7/7/2000 12:46:15 PM
From: EricRR	Read Replies (1) \| Respond to of 275872

Albert- What do you make of the terms of the buyback? One of the deadlines is just before earnings. Is the two deadline structure normal? See this post- Message 14005349

To: AK2004 who wrote (157)	7/7/2000 12:47:30 PM
From: Charles R	Read Replies (1) \| Respond to of 275872

Albert, <in addition to 400 mill to be repurchased there is only one more left:> Thanks for the info. I am somewhat surprised because I thought there were some loans from Dresden bank, no? <517,500,000 of amd 6 5/15/05 ccc2 s/a conv/call first call 5/15/02 @102.571 (current price is $215) convertable to 27.027 shares (~14 mil shares in total) > Does the first call date 5/15/02 mean this cannot be called back before that date? Since this should already be showing up as fully-diluted shares on AMD's earnings statement, forcing conversion on this debt would have no cash repurcussions (other than the savings from 5.5% payables) and should make AMD balance sheet and EPS even stronger. Chuck P.S.: If the logic of this thread about forcing the 11% bondholders hand before earnings is valid then we should not see any preannouncement from AMD. Does anyone disagree?