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

To: pgerassi who wrote (215340)	10/28/2006 4:44:16 AM
From: ChrisBBo	Read Replies (2) \| Respond to of 275872

If you take in that float stayed about 13% prior to the acq., then factoring that back in, there are 106%/87% = 1.218 or 22% too many shares out there. 87% of 486 million is 423 million minus 32 million known short plus 57 million from the acq equals 448 million. 577 million minus 448 million divided by 543 million is 0.2379 or about 24% of outstanding shares are short (naked or otherwise) or 129 million shares. I'm not sure I understand your calculations, and besides, are we sure the insti% isn't really 117-118% ? Why are you involving normal shorts too ? They're just "real" shares borrowed and sold by someone else. I don't see their relevance to this issue.

To: pgerassi who wrote (215340)	10/28/2006 8:12:03 PM
From: Magrathea	Read Replies (5) \| Respond to of 275872

RE: Institution Holders reporting >100% I figured the Nasdaq Institution Held issue would be resolved by looking at the date of each institutions' report. Since all institutions do not report on the same date, there should be some slop in the numbers. That doesn't appear to be enough of an explanation. Just the sum of the 6/30/2006 reports is greater than the AMD total on 6/30. So the logical explanation is that NASDAQ converted the ATI to AMD. Therefore, the 423 institutions that reported on 6/30/206 held the converted equivalent of 527 MM sh out of 543 total, or 97%. That leaves only 16MM shares not in institutions hands (assuming the report isn't totally bogus). Now, there are 37 MM shares in reports dated 9/30/2006 (post dated reports?) These shares could be in represented by changes from 6/30/2006 holdings. But the total changes for the reported institutions is +0.8MM sh. So these 96 institutions reporting 9/30/2006 should have collectively had 36MM shares on 6/30. So between the 6/30 and 9/30 reports, there are 553 MM reported in institutions. Anyway you slice it, the institutional report is embarrassing for someone. Occams razor says that NASDAQ screwed up the database on the conversion. We'll watch it over the next week. [My Pivot of the All Institution report. See link at bottom] Data Date Sum of Shares Held Sum Change Count Instit 12/31/2005 785,935 160,232 8 3/31/2006 4,766,736 2,753,661 9 6/30/2006 526,955,143 27,534,467 423 9/30/2006 37,354,744 813,906 96 Grand Total 569,862,558 31,262,266 561 Total number of shares 486(AMD) + 57(ATI buyout) = 543MM. [Pete's calc.] Company Details [NASDAQ] Total Shares Out Standing (millions): 486 [this is wrong] Market Capitalization ($ millions): $10,136 [this is wrong] Institutional Ownership: 117.3% Price (as of 10/27/2006) 20.86 Ownership Analysis # Of Holders Shares Total Shares Held: 536 569,862,558 New Positions: 82 24,698,443 Increased Positions: 288 118,234,142 Decreased Positions: 207 86,971,876 Holders With Activity:495 205,206,018 Sold Out Positions: 80 28,422,540 -Magrathea nasdaq.com