SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Paul Engel who wrote (59012)5/20/1999 3:02:00 PM
From: d e conway  Read Replies (4) | Respond to of 1583693
 
According to AMD's '98 annual report:
"We are required to make additional subordinated loans to, or equity investments in, AMD Saxony [Dresden] totaling $170MM in 1999, $70MM of which must be funded through the sale of at least $200MM of our stock by June 30, 1999."

Thus, it would appear we have a further stock dilution to digest: $200MM/~$20 = ~ 10MM shares added to ~143MM shares = ~7% dilution.

Comments?

Dan