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

To: Charles R who wrote (200)	7/7/2000 3:18:27 PM
From: Scot	Read Replies (2) \| Respond to of 275872

Chuck, Maybe it is not a good idea to carry it on the books even if it is cheap. Taking off the debt makes the balance sheet look stronger, makes you look like a good credit risk and will be helpful the next time AMD has to go back to the capital markets. Speaking of which, it would be nice to get an S&P debt/credit upgrade. I wonder if this was also a factor in holding on to cash. I do, however, sympathize with your thought on a psychological aspect of management holding on to cash; it must be nice not having to sweat as much about cashflow and reserves. I know that S&P does periodic reviews, I'll look at the date of the last one. I'll also look it up, but I seem to recall that there was some renegotiation or abeyance or other on the Dresden gov. loans. I seem to recall this was last year. I also seem to remember that those loans had a convertible aspect to them. Again, I could be talking out of my 'you know what'...so I'll look it up and post back. Also, speaking of buybacks...it reminds me of the possible split. I guess bets are on earnings for an announcement. Anyone heard anything? -Scot