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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: DRBES who wrote (26511)12/6/1997 3:18:00 PM
From: StockMan  Respond to of 1573005
 
Barbes,
Re -- There may be such a large audience already
anticipating the bad news, that the stock could rally on the event.

What with your STAY TUNED... You mean there is bad news for AMD...

Losses in PLD/Vantis ( Altera, Atmel already announced this)
Losses in Flash Memory ( Flash memory pricing rapidly coming down, AMD hasn't mentioned anything about this)
Losses in Computing Division ( K6 a piece of junk)
Losses in Communications division (ethernet cards (ala 3Com), and Asian crisis).

Total --- SUBSTANTIAL LOSSES....

Resignation of chief Architect (Did he know something about the future of AMD's K6..)...More consumption of Cash ala Moody's... More expenses for .25u...All of AMD's assets mortgaged to the Hilt.. Very possibility of raising cash at reasonable interest rates..Large insider selling (Atiq Raza in the low 30's high 20's)

Result AMD is closer and closer to BANKRUPTCY!!!

Stockman