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

To: Joe NYC who wrote (158)	7/7/2000 12:51:19 PM
From: dougSF30	Read Replies (1) \| Respond to of 275872

Jozef, wouldn't it be more like 800 million cash on hand, with the sale of the Comm division? At any rate, this is great-- so aside from the 400M secured debt addressed by the current tender offer, all other AMD debt is convertible, and already accounted for in the 172 million outstanding shares? (by which Q1 EPS was computed) Doug

To: Joe NYC who wrote (158)	7/7/2000 12:51:53 PM
From: Charles R	Read Replies (1) \| Respond to of 275872

<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.> AMD should have over a billion dollars in cash at the end of Q3 after the current 11% note paysoff. There is no cash cost for paying off the convertible. <Buying back the convertible would in effect be similar to stock buy-back.> Yes, it would. I am wondering if AMD can do this if it cannot force a conversion before the first call date.