Advanced Micro Devices Inc (AMD)

[Elmer Phud]

Jerry -

I agree, too much was hidden from the public to make an detailed observations. But standing back, I believe it is clear that the overall intent of the agreement is to allow AMD to do pretty much whatever it wants, and Intel is allowed to do the same. But AMD has to pay Intel for this.

I read it much the same way but all the sections covering royalty basically said AMD pays Intel. I didn't see any place where AMD gets to have Intel's books audited and I didn't see any penalties applied to Intel in the event that such and such does or doesn't happen. Looks to me like the money flows in one direction.