Advanced Micro Devices Inc (AMD)

[facsnotfiction]

Petz
I think AMD will definitely convert the first convertible bond issue since it has a price in the low 20's. That issue would only add about 21 million shares or just over 6% to shares outstanding. The second convertible is the one that will really dilute things because the conversion price on that one is 7.37, and converts to around 60 million shares. I plan to be out of this stock before the second conversion becomes an issue. I do think that AMD can get their reserves up by about 250 million a quarter at break even operations, which would mean they could have 2 billion by the end of the third quarter of next year, and more with any profits.