Thursday, February 19, 2009
Dammit I’m mad !
Advanced Micro Devices shareholders approved a plan to spin off the chip maker's manufacturing plants as part of an investment of as much as $8.4 billion from the Abu Dhabi government. AMD will offer 58 million new shares and issue warrants for another 35 million shares, which will be sold to Mubadala Development, an investment arm of the Abu Dhabi government.
The cash infusion would be a lifeline for AMD, which analysts expect to report its fourth annual loss this year. Under the terms of the deal, Abu Dhabi will also buy a stake in a new company that will own two AMD plants in Germany and build another in New York.
Before this approval AMD shares dropped 8.1%.
Now they should only rise. In reverse:
Dammit I’m mad !
Phenom X3 at 4.2 Ghz
Just in case, because AMD actually don't want clock race with Intel.
The cash infusion would be a lifeline for AMD, which analysts expect to report its fourth annual loss this year. Under the terms of the deal, Abu Dhabi will also buy a stake in a new company that will own two AMD plants in Germany and build another in New York.
Before this approval AMD shares dropped 8.1%.
Now they should only rise. In reverse:
Dammit I’m mad !
Phenom X3 at 4.2 GhzJust in case, because AMD actually don't want clock race with Intel.
THIS LINK posted by Joseph Bell : 1:08 PM
