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Re: Tiger64 post# 34801

Friday, 05/14/2004 12:24:55 PM

Friday, May 14, 2004 12:24:55 PM

Post# of 97595
I'm aking if the new 45 million dilution in stock which is greater than ten percent of the outstanding shares.

See my last post. It is not an additional 45 million dilution. It is a possible 17.4 million additional dilution. The balance of the shares comes from rolling the previous incentive plans that were approved many years ago into this one all encompassing plan. This plan is designed to last many years. They are not going to give out 45 million shares as incentives right away. In a few years AMD may be doing stock buy backs if they have extra funds to counterbalance the dilution. For now they are putting the money where they should, into Fab36 and process development.

I'm sure some investors have misinterpreted this and that is causing the stock price to come under some pressure.

HailMary

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