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

To: Petz who wrote (68761)	1/24/2002 12:30:06 PM
From: niceguy767	Respond to of 275872

John: "Perhaps rather than acquiring 15-25% of UMC (impossible), AMD will receive ownership of 15-25% of a joint venture with UMC, probably a 12" wafer fab, for an investment of $500M. That would put UMC's investment in the $1.5B to $3B range." With close to $1 billion in cash and looking to profitability in q2/02, the immediate need for $500 to $600 million certainly does indicate that an "unusual" current "event" has arisen...Recent cc speculation on foundry requirements going forward would certainly support something along the lines of that which you are suggesting...(We should know more by the open tomorrow)...