Advanced Micro Devices Inc (AMD)

[SemiconEng]

SC TO-C: AMD Begins Voluntary Stk Opt Exchange Offer [delayed]
Ridgeland, MS, JUN 20, 2003 (EventX/Knobias.com via COMTEX) --
Advanced Micro Devices Inc (NYSE: AMD) filed an SC TO-C on 6/20, in which the Company reported that it intends to commence a voluntary stock option exchange offer for employees holding stock options with an exercise price equal to or greater than $14.00 under certain of the Company's stock option plans on or about June 25, 2003.
Under the exchange program, eligible employees will have the opportunity to exchange existing stock options for a right to receive replacement options at exchange ratios that, depending on the applicable exercise price of their stock options, range from 1.28 to 1.87 share for 1 replacement share.



And I'm "sure" that the same AMD fans who crucified intel management for reissuing stock options to employees that were under water, and screwing the non-employee shareholders, will now all chime in with the same exact criticism's of AMD..... Right?

Semi