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To: Zeev Hed who wrote (55094)9/25/2000 9:51:40 PM
From: Dan3  Read Replies (1) | Respond to of 93625
 
Re: paying the cost of Dresden... was one of the reasons for lack of profitability last year..".

Take a good look at the balance sheets and cash flow statements over the last 3 years, Zeev - I think that you'll see that I'm right. Carl's point that AMD's cash flow was such that, without the huge depreciation charges they take, they would have had a good sized profit instead of a loss is another indicator of what's been going on there.

Dan


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