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

To: grok who wrote (59023)	5/20/1999 11:22:00 PM
From: Paul Engel	Respond to of 1586313

KZ - Re: "DLJ starts to support the stock for the June 30 AMD $200 million share dump> What is this? " See the following: Message 9643896 {===================================} To: Paul Engel (59012 ) From: d e conway Thursday, May 20 1999 3:02PM ET Reply # of 59052 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 {===============================} Paul