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

To: Kevin K. Spurway who wrote (43450)	12/15/1998 4:45:00 PM
From: Paul Engel	Respond to of 1572853

Kevin - Re: "..do I hear a broken record?" What you hear is a BROKEN Vantis ! Paul

To: Kevin K. Spurway who wrote (43450)	12/15/1998 11:52:00 PM
From: Paul Engel	Respond to of 1572853

Kevin - Re: "you remind us EVERY SINGLE TIME SOMEONE MENTIONS VANTIS. " Speaking of Vantis, what do you make of this? Is AMD going to let new shareholders pay for Vantis a second time? Paul {==================================} biz.yahoo.com Tuesday December 15, 8:36 am Eastern Time Company Press Release AMD Commences Noteholder Consent Solicitation SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 15, 1998--Advanced Micro Devices (NYSE:AMD - news) announced today that it has commenced a consent solicitation from registered holders as of December 4, 1998 of AMD's $400 million aggregate principal amount of 11 % senior secured notes due 2003, which were issued pursuant to the indenture dated as of August 1, 1996 between AMD and the United States Trust Company of New York. The terms of the consent solicitation are contained in a Consent Solicitation Statement dated December 9, 1998. The Consent Solicitation Statement describes proposed amendments to the indenture which permit AMD's wholly-owned subsidiary, Vantis Corporation, to adopt equity-based incentive plans for the directors, officers and employees of Vantis. The proposed amendments also modify certain restrictive covenants contained in the indenture to permit, among other things, an initial public offering of all or any portion of AMD's equity interests in Vantis or an issuance or exchange of Vantis' equity interests for interests in other entities without compliance with certain financial tests currently set forth in the indenture. The proposed amendments will take effect only if certain conditions are satisfied, including the receipt by AMD of consents from holders of at least a majority in aggregate principal amount of the notes. The consent solicitation will expire at 5 p.m. (Eastern Standard Time) on January 8, 1999, unless extended by AMD in its sole discretion. In connection with the consent solicitation, Morrow & Co., Inc. is serving as the Information Agent; Firstar Bank of Minnesota, N.A. is serving as the Tabulation Agent; and Donaldson, Lufkin & Jenrette Securities Corporation is serving as the Financial Advisor. Requests for assistance or for additional documents should be directed to the Information Agent at 212/754-8000 (collect) or 800/566-9061 (toll-free). About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.4 billion in 1997. (NYSE:AMD - news). About Vantis Vantis provides high performance programmable logic solutions for communications, computing and industrial applications. Vantis is headquartered in Sunnyvale, California, and has several offices in the United States, Europe, Japan and the Pacific Rim. Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type amd.com at the URL prompt. Readers may obtain additional information by calling 800/222-9323 or 408/749-5703. Note to editors: AMD, the AMD logo and combinations thereof are trademarks of Advanced Micro Devices, Inc.