SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (256721)10/18/2008 11:31:03 AM
From: mas_Read Replies (1) | Respond to of 275872
 
You're right and actually it's looser than that as it said there was no obligation but doesn't mean it can't. That is the 'or' clause that is applicable to this agreement I think.

(b) owns or controls (either directly or indirectly) either of the
following:

(1) if such entity has voting shares or other securities, at
least fifty percent (50%) of the outstanding shares or
securities entitled to vote for the election of
directors or similar managing authority and such entity
is under no obligation (contractual or otherwise) to
directly or indirectly distribute more than seventy
percent (70%) of its profits to a third party



To: neolib who wrote (256721)10/20/2008 10:03:53 PM
From: Mahmoud MohammedRead Replies (1) | Respond to of 275872
 
neolib,

Re: "The above makes it look like AMD cannot receive MORE than 70% of the profits."

What happens if there are losses ... This has been the case for AMD's
most recent quarters, correct?

Mahmoud


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News