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Petz

08/21/03 4:58 PM

#11780 RE: wbmw #11765

This is about the 20th time I've heard you say that the cost of Rivet's and other's 0.01 option grants was somehow hidden from AMD shareholders. Please correct your statement now that I've shown you SEC documents that state that NQSOs are treated as deferred employee compensation that amortizaes over the lifetime of the options.

In short they are treated as an expense of doing business.

No hiding.

Petz