Replies to post #7876 on Advanced Micro Devices Inc (AMD)

[kpf]

elmer - IBM must have a plan that considers the possibility of default

Sure. That is what I had in my mind with a "more sophisticated sale-and-leaseback-structure". In which case the parties would need to find a financepartner (better said: a consortium)accepting this risk and/or being able to find partial of full insurance for it.

Way too early to speculate about feasibility now. Lessee how the balance sheets look like after FASL consolidation, then lessee how 2004 is going. Hope what we see then is good enough already to give Bob a lil bit more than just one choice ;-)

K.