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

To: Maverick who wrote (29393)3/3/1998 7:55:00 PM
From: StockMan  Respond to of 1572207
 
Maverick,
Thank you for posting that news release :-))

Regards
Stockman



To: Maverick who wrote (29393)3/3/1998 8:09:00 PM
From: Petz  Read Replies (1) | Respond to of 1572207
 
To put it in perspective (1B shelf registration), if this were all debt, it would raise the debt to equity ratio from 33% to 80%. If they try to keep the debt ratio constant at 33%, then they'd have to raise 667M in equity, which would require 29M shares of common to be issued, a dilution of about 20% after commissions.

I don't think its IBM's style to do an equity investment like that. Look for a 10% drop tomorrow.

Petz



To: Maverick who wrote (29393)3/3/1998 8:48:00 PM
From: Brett Tjaden  Respond to of 1572207
 
WASHINGTON, March 3 (Reuters) - Advanced Micro Devices Inc
on Tuesday filed a shelf registration with the U.S. Securities
and Exchange Commission to sell up to $1 billion in common and
preferred stock as well as debt securities.

This reminds me of a compulsive gambler who has lost all his or her money and then wants to borrow more to keep playing and, hopefully, win back the losses. Normally, the borrowed money is lost as well.


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