Posted on 5/31/2002


AMID ALLEGATIONS OF grey marketing and dodgy invoicing AMD fired a top Australian distributor last month and that has sparked a legal fight between it and the chip company, ARN Net reports.
But it's also left down-under distie APD International with a staggering $1 million of AMD stock and that might not be covered be guarantees.

APD reckons it's not going to have any problem selling the stock, however, with the wire reporting that the distributor used to sell a million $AUS worth in half a day.

It also quotes AMD's MD for Australia and New Zealand as saying that stock APD holds since it was fired last month isn't covered by guarantee. That would not be the case in UK law but maybe it's true in Australia, we dunno.

APD is challenging AMD's decision to fire it in court.

Full Article:
http://www.theinquirer.net/31050207.htm