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

To: dougSF30 who wrote (1417)	7/19/2000 7:48:52 PM
From: Mani1	Respond to of 275872

Doug re <<I definitely heard "yearly rate of 20%" in the CC...>> Yes, I know. That is the part that I was confused about, why 20% this quarter. I was under the impression that AMD will use all its tax credit and then pay the usualy tax rate of 30'some percent rate. It seems that they are saving some of the tax credit for the later quarters. Anyway, corporate tax rate in US is not 20% and AMD did a crappy job of communicating with the street on this issue. Mani

To: dougSF30 who wrote (1417)	7/19/2000 7:49:43 PM
From: Mani1	Read Replies (1) \| Respond to of 275872

Doug re <<I definitely heard "yearly rate of 20%" in the CC...>> Yes, I know. That is the part that I was confused about, why 20% this quarter. I was under the impression that AMD will use all its tax credit and then pay the usual tax rate of 30'some percent rate. It seems that they are saving some of the tax credit for the later quarters. Anyway, corporate tax rate in US is not 20% and AMD did a crappy job of communicating with the street on this issue. Mani