Intel Corp (INTC)

[imho]

Tenchu, wbmw,

After all, I'm curious as well. Convertible bonds can explain some of the increase in equity, but a five-and-a-half billion dollar increase? I don't think AMD sold that many bonds.

Well if we are all confused about the magic AMD accountants have done with AMD finances, the AMD/ATI merger/takeover will just make it that much worse.

It would have been good to see how AMD's core business stood on its own. Seems that everytime something like that is about to happen, AMD sells/buys something( companies, debt, shares etc) to convolute matters.

One thing I know for a fact. On Nov 19, 2001 AMD had 313 million shares outstanding. Today they have 485 million. That is a 54% dilution. Tommorrow??? Of course there is nothing wrong with dilution if the company uses the proceeds in a positive way. And, if losses are on the horizon, dilution makes the per share loss smaller ;))

http://parkercenter.johnson.cornell.edu/docs/cayuga_fund/2000_2001/research_reports/amd_1.pdf

BTW, Interesting link. AMD merged its flash operations with Fujitsu. Then it spun it off into Spansion. Considering AMD's balance sheet, the wheeling and dealing seems to have paid off. Now they may merge with ATI. Crazy.

IMHO