So if it comes down to your having to sell your house because you're not making enough money to pay your cleaning lady, is that something you should cheer about?
And how much of a writeoff will they take? Or did they somehow actually make money on that property? (Actually it's possible they did, since they probably bought it 20 or 30 years ago. But then they should have sold it in 2007, not today; no doubt they'll play some "one-time" game and take the difference between now and 2007 as a writeoff.)
From a 2008 artical...
Advanced Micro Devices Inc. opened its $270 million Southwest Austin campus Tuesday with a $1.5 million commitment to preserve open space.
The Sunnyvale, Calif.-based company drew a lot of heat when it first announced its plans to build the campus in the environmentally-sensitive area, which sits over the Edwards Aquifer.
The campus measures 870,000 square feet and sits on 58 acres off of Southwest Parkway.
The company is distributing $1.5 million among conservation organizations Westcave Preserve, Hill Country Conservancy and the Lady Bird Johnson Wildflower Center. That completes AMD's (NYSE:AMD) $3 million commitment to environmental groups that the company pledged when it began the project in 2005.
Even if that old old fund raising trick is used by AMD again, it merely means one more qtr before they lose that small amount too. Amd needs billions, not crummy millions. They can lose that much in a month at the rate they're going down the tubes. The next lay off could be 5000.