A big chunk of inventories (bigger than I expected) went to Spansion. More than a half. The table to look at is the last one.
Another thing to look at is cash. I don't know if AMD generated any cash from the Spansion IPO. If not, AMD somehow increased the cash position by > $500M in just 1 quarter.
Can anyone explain how AMD went from $1,223M to $1,794M cash?
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