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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (134575)	5/10/2001 1:16:52 PM
From: TimF	Respond to of 186894

What about debt and interest payments? Does that change the equation? I think Intel is basically debt free. AMD has a very small amount of debt at 11%. It has convertable bonds that are already calculated as shares for "fully diluted" EPS, that will soon be converted into actual shares. (I think AMD can force buyback at less then the shares are worth if they are converted so only an idiot would not convert). It also has subsidized loans at a very low interest rate from Germany and Saxony. The 11% debt is very small and the convertables soon will not be debt so AMD will be essentially debt free except the subsidized loans soon. They have more then enough cash to pay the subsidized loans but they would be stupid to do so. Tim