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

To: Mani1 who wrote (77610)4/18/2002 3:40:40 AM
From: PetzRead Replies (1) | Respond to of 275872
 
<<AMD said most of the 15% reduction (about 2,100 employees) would occur "before the end of Q2." >>

<That means the saving will not be realized till Q3. Of course there are charges for severances as well which should be in Q2.>

If the layoffs occur linearly throughout Q2, they would get half the eventual savings in Q2. But the severance charge was already taken in Q3 or Q4.

Petz


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