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To: jackrabbit who wrote (138873)7/9/2001 9:00:46 AM
From: Dan3  Read Replies (1) | Respond to of 186894
 
Re: AMD borrowed ~$320 million last quarter under their Dresden Credit Facility.

AMD has a subsidized loan from Saxony that requires that certain funds covered by the agreement be used for certain purposes during certain periods.

AMD's cash increased by well over $400 million during the period.



To: jackrabbit who wrote (138873)7/9/2001 5:47:48 PM
From: TimF  Read Replies (1) | Respond to of 186894
 
AMD borrowed ~$320 million last quarter under their Dresden Credit Facility. Read the past 20 or so messages for full details.

If they borrowed under the Dresden Credit Facility then it was a smart decision as those loans are subsidized. I think the money has to be used at the Dresden fab but they are ramping it up anyway so thats where they would want to spend money.

Tim


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