| To: Elmer Phud who wrote (269392) | 3/5/2012 11:36:28 AM |
| From: Mahmoud Mohammed | Read Replies (2) | Respond to of 272367 |
| |
Elmer,
Re: "As a result, AMD agreed to pay GLOBALFOUNDRIES a cash payment of $425 million, of which $150 million is being paid on March 5, 2012, $50 million will be paid by July 2, 2012, $50 million by October 2, 2012 and $175 million in the first quarter of 2013. In addition, AMD issued a promissory note to GLOBALFOUNDRIES for the payments due by October 2, 2012 and first quarter 2013.
More cash gone..."
More cash and an IOU. I'm out of AMD this morning. I made ~35% ... No need to get "greedy". That's how Mr Tab, Mr Borusa
and other AMD "geniuses" lost their "shirts" and "pants".
Mahmoud |
