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Short Take: AMD workers get $30 million of profit

Chipmaker Advanced Micro Devices distributed more than $30 million in profit sharing to U.S. employees for the third quarter of 2000, the company's largest profit-sharing payout ever. Employees received the equivalent of approximately three-and-a-half weeks' pay, half in cash and half in deferred compensation. The current distribution represents approximately 10 percent of operating profits for the quarter ended Oct. 1, 2000.

David Becker Staff Writer, CNET News.com
David Becker
covers games and gadgets.
David Becker
Chipmaker Advanced Micro Devices distributed more than $30 million in profit sharing to U.S. employees for the third quarter of 2000, the company's largest profit-sharing payout ever. Employees received the equivalent of approximately three-and-a-half weeks' pay, half in cash and half in deferred compensation. The current distribution represents approximately 10 percent of operating profits for the quarter ended Oct. 1, 2000.