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

To: d e conway who wrote (59014)	5/20/1999 3:12:00 PM
From: Elmer	Respond to of 1583711

Re: "Thus, it would appear we have a further stock dilution to digest: $200MM/~$20 = ~ 10MM shares added to ~143MM shares = ~7% dilution." This sure sounds like the old pattern. Pump the stock up on leaked rumors (last time it was an IBM buyout), issue more stock while the price is up, then another crash when the truth comes out. When will the suckers ever learn? I guess I should have seen it coming and caught the wave. Maybe next time cause there's always another sucker. EP

To: d e conway who wrote (59014)	5/20/1999 4:52:00 PM
From: brushwud	Read Replies (1) \| Respond to of 1583711

"We are presently negotiating with Dresdner Bank to amend the provision requiring us to sell $200 million of our stock..." according to AMD's latest 10-Q, which also lists a number of such amendments which have been made over the course of the loan. Perhaps the pending sale of Vantis for $440 million net cash will satisfy the bank.

To: d e conway who wrote (59014)	5/20/1999 10:55:00 PM
From: Gary Ng	Respond to of 1583711

Dan, Re: 7% dilution. Would that make the per share loss looks better ? Gary

To: d e conway who wrote (59014)	5/20/1999 11:11:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 1583711

Dan - Re: "it would appear we have a further stock dilution to digest: $200MM/~$20 = ~ 10MM shares added to ~143MM shares = ~7% dilution. Comments?" This is what I have been saying. AMD and DLJ will be manipulating AMD's stock price - pushing it UP - to minimize the dilution when AMD has to sell the shares - with a deadline of June 30. The higher the share price, the fewer shares required to be sold. Just like DLJ did last year when AMD sold convertible bonds to DLJ's sucker list - they ran the stock up to >$30 on all kinds of bull sh*t rumors right before the sale. That's when greg nus got suckered in too ! Paul