Advanced Micro Devices Inc (AMD)

[I_banker]

Alan, I think you underestimate the labor costs. In the US, you can add 50% to the gross wage for benefits/taxes etc. Therefore, your all in employee cost of 40K per person would mean that each employee were earning $26,666 -- a tad low even for a new hire.

Keep in mind compensation exenses in Europe are higher, particularly given the Euro/$ exchange rate.