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fowler

10/07/02 9:33 PM

#1388 RE: Tenchu #1384

Ten,

re:How much cash will AMD end up with by the beginning of next year?

Sorry, I'm not an accountant. I think that the market is under estimating their loss this quarter, because they lose the tax advantage. But hell, I could easily be wrong.

I do know that their creditors will be at least a little less comfortable after the credit rating change.

John