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KeithDust2000

05/07/03 3:18 PM

#4111 RE: greg s #4110

greg s, I agree, the financial situation of AMD is surely less than ideal. But then again, if you look at their history, it hardly ever has been great. And it´s not like that´s news to any investor, and it´s not like AMD is trying to cover anything - on the contrary, if you listen to the last CC, Hector was very upfront about these issues, and made it very clear that they´re doing everything possible to make sure AMD returns to profitability - as that is the one most important thing for the company. And they´re doing quite something, from what I´ve seen. And these things cost money.

re: Moody´s,
Is it their usual practice to announce that a company is under review, with the outcome not yet determined? It´s fine with me if they think a company deserves a downgrade, they should go ahead with it, but why add uncertainty to an already uncertain market by announcing this "under review" thing?
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Elmer Phud

05/07/03 3:19 PM

#4112 RE: greg s #4110

greg -

This is very bad. Their debt rating was reduced to junk on Oct. 7, 2002. Now it is under review for a further downgrade (what? sub-junk?)

The obvious implication is the reaction they will get when they go looking for more funding. But hey! They beat Intel on some important benchmarks!!! Isn't that what really matters?