Intel Corp (INTC)

[DewDiligence]

spokeshave: Agree that the pricing date was the 20th. (Not sure why you mentioned the 19th.) To analyze AMD’s convertible offering even further, perhaps we should look at the price on the 18th – before the announcement that AMD was raising capital. AMD closed on the 18th at 6.52 and then fell about 15% in the next two days; the sharp drop was due in part to the fact that AMD felt the need to raise capital.

I certainly did not mean to mislead anyone with my original post that AMD’s convertible has what I consider a low conversion price. I apologize to anyone who may have interpreted my post as some kind of FUD. I stand my statement that AMD’s convertible shows a considerable degree of desperation on the company’s part.

As for the discussion on insider trading, it goes without saying that we were talking about fiduciaries. Lower-level insiders are generally bound by trading restrictions only as imposed by the company itself. Regards, Dew