Intel Corp (INTC)

[Elmer Phud]

wbmw -

AMD has only $1 billion in cash and equivalents, and $1.8 billion in long-term debt. Geraghty estimates that if it keeps to its current capital-spending plan, AMD will use up $800 million of that reserve in 2003 -- with no plans to turn cash-flow-positive until mid-2004.

As they say, do the math...