Replies to post #68029 on Advanced Micro Devices Inc (AMD)

[KeithDust2000]

chipguy, they also announced the NAND joint venture with Micron, and the joint development/second source agreement with STM for NOR flash right before the IPO. They did everything to sabotage the IPO. The fact that you kept arguing against the IPO also tells me it´s the best thing to do.

Care to tell us how much the shortfall from $16 - $18 to
$12 directly cost AMD?

How much?

[HailMary]

Care to tell us how much the shortfall from $16 - $18 to
$12 directly cost AMD?

Nothing...

AMD will have the same # of shares regardless of the IPO price. The only affect this has on AMD is the value of their new asset, the SPSN shares they hold.

I suspect that SPSN shares will go up to close to what AMD was originally asking for, for a net affect of 0 on them. AMD declares the value of SPSN shares at what the market prices them at.

SPSN on the other hand, got short changed. They received less cash than they wanted, but since more shares were offered than were originally planned, it didn't make a huge difference there either.

[chipdesigner]

The shortfall is not from $16-$18 to $12.

The original $16-$18 was in terms of 35.2M shares being offered.

The $12 price was for 42.2M shares being offered.

The equivalent 35.2M price was $14.375/sh

Thus the shortfall amounted to $50M out of a combined equity/debt cash-raising sum of 900M.

Or about 6%.

Big deal.