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

To: graphicsguru who wrote (238245)	8/6/2007 3:22:56 PM
From: kpf	Respond to of 275872

Do you have the actual text? It's filed to SEC. Does anyone know whether or not part of the SPSN stock sale has to go to paying off loans? As per agreement of October 24 2006 (AtI-loan) most of the proceeds of asset-sales are due for repayments, but Bob probably has renegotiated these terms with the 500M payment from the convertible so that he can at least keep half a billion from asset-sales - and he still can ask for reinvestment allowance for the remainder. K.

To: graphicsguru who wrote (238245)	8/6/2007 3:38:31 PM
From: dougSF30	Read Replies (1) \| Respond to of 275872

Could be significantly closer... AMD is only $500M over the limit as of the end of Q2. SPSN sales can get them at most ~$250M. Have they found a buyer for 200mm equipment? Without a big chunk of change from that, they'll hit the limit this quarter. And even with that, next quarter should drop below $1B cash without selling shares or taking on more debt.

To: graphicsguru who wrote (238245)	8/6/2007 3:48:48 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 275872

>> That gives might give us an actual drop-dead date for AMD raising more $. I think that covenant is likely to be renegotiated when needed. >> Does anyone know whether or not part of the SPSN stock sale has to go to paying off loans? My understanding is 100% has to go to reducing the $2.5B (now $2.0B) morgan stanley loan.