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

To: greg nus who wrote (32561)	5/9/1998 3:12:00 PM
From: StockMan	Respond to of 1572503

Its going to be FUN to see the expressions of these AMD bond holders, when AMD goes KAPUT. Any bets on when AMD will run through it all, and file for more debt.

To: greg nus who wrote (32561)	5/9/1998 6:24:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 1572503

greg - Re: " AMD gets another $517 million of equitity @ 37.00 a share. " No they DON'T! That is ONLY the CONVERSION PRICE! Except for fools (you can include yourself, if you want to), nobody will convert the bonds to shares at $37/share for the share price below $37. Thus, the stock will have to rise above $37 for people to make the conversion. And don't forget - AMD may have $517 worth of additional EQUITY, but they also have $517 Million WORTH OF ADDITIONAL DEBT. Paul