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chipguy

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chipguy

Re: drjohn post# 11088

Tuesday, 08/12/2003 4:37:00 PM

Tuesday, August 12, 2003 4:37:00 PM

Post# of 97585
We plan to continue to make significant capital expenditures to support our microprocessor and Flash memory products both in the near and long term, including approximately $725 million during 2003. The capital expenditures projected for 2003 include those relating to the continued facilitization of Fab 30 and those relating to FASL LLC. These capital expenditures, together with ongoing operating expenses, will be a substantial drain on our cash flow and may also decrease our cash balances.

If AMD was planning to spend so much on capex and knew it might
run into a cash crunch as a result why the heck did it just go on
a mini spending spree with a couple of questionable acquisitions?
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