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

To: StockMan who wrote (30728)	4/2/1998 12:44:00 AM
From: Harve Wolfe	Read Replies (1) \| Respond to of 1572507

StockMan- You are an AMD bear?, right?? I've been struggling with why a 20% dilution of equity has been perceived as positive for us AMD stockholders. This is essentially a debt for equity swap, since the vast majority of the proceeds will be used to roll debt. I felt Scott Allen's statement was a positive for current shareholders, not a negative as you infer. Of course I'm of the opinion AMD's ongoing margins will be better than simple interest. I realize you have a diferent opinion in this regard. The statement would indicate AMD does not have to do massive dilution to raise funds. Just can't find any negative in this post. How does it support your negative impression of AMD? Harve PS: Not trying to start a war here, just trying to understand your position!