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

To: muzosi who wrote (256518)	10/7/2008 9:46:29 PM
From: neolib	Respond to of 275872

Yeah, I know that is the claim. I just don't find it very believable. It is interesting how the subsidiary restrictions were worded. I wonder if that draws from any common accounting definitions? It would appear that any investor could own 49% of AMD itself, and up to 70% of the subsidiary, provided AMD controlled 50% of the subsidiary's voting rights. In some sense I suppose that is fine, since the 49% control of AMD is subject to veto, i.e. that investor control can't leak through to increased control of the subsidiary, UNLESS AMD allows it, so you can't say the other entity "controls" the subsidiary, since AMD controls both the subsidiary and itself.