At some level of low cash -- $500 million perhaps
So this stuff is secret, or should we be poring over Edgar documents?
Another possibility is that at about $500 million cash, AMD will have trouble making payments for its operating expenses and debt payments.
Maybe I'm being hopelessly naïve here, but can't they use the $500m for that?
The condition for bankruptcy of a company is an inability to pay debts as they come due.
It seems to me that's about 3 quarters off, assuming things don't get better. Or worse!
I remember www.downside.com used to have a page detailing when .com's were due to go bust by dividing burn rate by cash. Seemed to work OK. If AMD is like the .com's then they won't go bust until their cash is gone.