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To: StockMan who wrote (3812)1/14/1998 3:18:00 PM
From: Robert Walter  Read Replies (2) | Respond to of 6843
 
Stockman,

Not all of AMD's equipment is depreciated, you better read the balance sheet a little closer.

1997 1996
(Audited) (Audited)

Assets

Current assets:
Cash, cash equivalents
and short-term investments $ 467,032 $ 386,198
Accounts receivable, net 329,111 220,028
Inventories 168,517 154,010
Deferred income taxes 160,583 140,850
Prepaid expenses and other
current assets 50,024 127,991

Total current assets 1,175,267 1,029,077

Property, plant and equipment, net 1,990,689 1,787,402
Investment in joint venture 204,031 197,205
Other assets 145,284 131,599

$3,515,271 $3,145,283
Total current liabilities 726,770 583,473

Deferred income taxes 96,269 95,102
Long-term debt and
capital lease obligations,
less current portion 662,689 444,830

Other Data Q4 '97 Q3 '97 Q4 '96

Depreciation
and Amortization $ 108M $ 104M $ 88M

biz.yahoo.com

AMD will be adding additional capital equipment in Q1 & Q2 and they expect depreciation to increase.

Robert



To: StockMan who wrote (3812)1/14/1998 7:12:00 PM
From: Petz  Read Replies (1) | Respond to of 6843
 
S, re:<Look at the real book value (equipment has depreciated in value since 1994)>

Equipment purchased in 1994 would be valued on AMD's books as worthless or almost worthless.

AMD is valuing the total of all of its plants and equipment at 2 billion dollars, which is also just about exactly what the shareholder's equity is. I am sure the replacement cost is much higher than that.

Petz



To: StockMan who wrote (3812)1/15/1998 1:50:00 AM
From: greg nus  Read Replies (1) | Respond to of 6843
 
Stockman, There is no Dresden debt. AMD has a sweetheart deal from the german goverment and Saxony. AMD bought the land for cash. Dresden bank lends the money to build the fab to a development agency. The loan is guaranted by the German gov and the state of Saxony. The agency builds the plant for AMD in exchange for bring the technology and hiering German workers. Seimens and Motolola are doing the same thing. Don't you read anythng you talk about?


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