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

To: andreas_wonisch who wrote (34729)	4/3/2001 5:17:06 PM
From: brushwud	Read Replies (3) \| Respond to of 275872

AMD Files Suit Against Alcatel Business Systems AMD Says Alcatel in Breach of Contract on Flash Memory Products siliconinvestor.com AMD and Alcatel entered into a long-term agreement in 2000 under which Alcatel agreed to purchase and AMD agreed to supply flash memory products over a two-year period. "After several months of negotiation, AMD reluctantly took the step of filing a lawsuit as a last recourse after Alcatel refused to honor its commitments under an agreement that heretofore was hugely beneficial to Alcatel," said Walid Maghribi, senior vice president of AMD and president of the company's Memory Group. "AMD met all of its obligations to Alcatel, passing up opportunities to sell its products to other customers at prices significantly higher than those provided for in the agreement."