Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

RE AMD
from 5:11 PM today SEC filing.
AMD goes from 12K emoployees to 10K. I wish all 2000 are in peace loving Germany. Too bad they don't have French fab.

In December 2002, we finalized a restructuring plan (the 2002 Plan) to align our cost structure to current industry conditions resulting from weak customer demand and industry wide excess inventory. The 2002 Plan will result in the reduction of approximately 2,000 positions or 15 percent of our employees, affecting all levels of our workforce in almost every organization. As a result of our agreement with IBM, we are ramping down silicon processing associated with logic research and development in our SDC and will eliminate most of those related resources, including the sale or abandonment of certain equipment used in the SDC.