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To: Dave who wrote (156281)1/19/2002 2:08:33 PM
From: Gary Kao  Read Replies (1) | Respond to of 186894
 
Re: AMD assets
Dave: thanks much for your thoughts...I'm learning, abeit slowly...
I see what you mean, that PP&E for AMD is increasing QoQ, but why only by 14 million, while cash drops by 40 million? Regarding your thoughts about AMD floating off Debt in the form of an offering, this of course is not cost-free. AMD has junk bond rating, if I recall correctly, so such an offering could only be done at a high rate of interest. I agree that Debt is not a bad thing, provides leverage, etc., but when it dwarfs available cash, and assets, this is how corporations and individuals go belly up.
Comments?

Appreciatively,

gary