Replies to post #4111 on Advanced Micro Devices Inc (AMD)

[greg s]

re: Moody´s, Is it their usual practice to announce that a company is under review, with the outcome not yet determined?

As I recall, this is not their normal procedure. I believe the potential for further debt rating degradation from an already very poor rating probably prompted the announcement.

I agree that AMD has not tried to hide their financial woes. Did my post indicate that I thought they had? After all, these things are pretty darned difficult to hide.

[Elmer Phud]

Keith -

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.

I think you mean "tries" to get back to profitability. It may not happen, ever. No more product lines to kill off to divert funds into battling Intel. No more divisions to sell to raise cash. Not even a headquarters building left to sell. Aside from all of Jerry's limos they've hocked off everything and I guess they could layoff just about everybody and post a single profitable quarter but that means no future. Unless Opteron starts contributing soon I see a buyout as the only outcome.

[yourbankruptcy]

Keith, about Moody announcement. IMHO it doesn't matter. Moody operates only on published financial ducuments, so the rating will be based on the last month quarterly report. There is absolutely nothing unpredictable in what they are doing - so this news is just a news in a sense that we forgot about Moody and it is here indeed.