AMD » Topics » Conversion of the 6.00% Notes may dilute the ownership interest of our existing stockholders.

This excerpt taken from the AMD 10-Q filed Aug 7, 2007.

Conversion of the 6.00% Notes may dilute the ownership interest of our existing stockholders.

The conversion of some or all of the 6.00% Notes may dilute the ownership interests of our existing stockholders. Although the capped call transaction that we entered into in connection with the issuance of the 6.00% Notes is expected to reduce potential dilution upon conversion of the 6.00% Notes, the conversion of the 6.00% Notes could still have a dilutive effect on our earnings per share to the extent that the price of our common stock exceeds $42.12, which is the cap price of the capped call. Any sales in the public market of our common stock issuable upon such conversion could adversely affect prevailing market prices of our common stock. In addition, the anticipated conversion of the 6.00% Notes into cash and shares of our common stock could depress the price of our common stock.

This excerpt taken from the AMD 10-Q filed May 9, 2007.

Conversion of the 6.00% Notes may dilute the ownership interest of existing stockholders.

The conversion of some or all of the 6.00% Notes may dilute the ownership interests of existing stockholders. Although the capped call transaction that we entered into in connection with the issuance of the 6.00% Notes is expected to reduce potential dilution upon conversion of the 6.00% Notes, the conversion of the 6.00% Notes could still have a dilutive effect on our earnings per share to the extent that the price of our common stock exceeds $42.12, which is the cap price of the capped call. Any sales in the public market of our common stock issuable upon such conversion could adversely affect prevailing market prices of our common stock. In addition, the anticipated conversion of the notes into cash and shares of our common stock could depress the price of our common stock.

EXCERPTS ON THIS PAGE:

10-Q
Aug 7, 2007
10-Q
May 9, 2007
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