Tuesday, November 13th 2012
AMD Looking for a Buyer?
AMD is consulting with JP Morgan Chase & Co., to explore options, that could pull it out of its grim financial situation. These could include a sale. The company is struggling to find itself a role in an industry that's increasingly focused on mobile, away from PCs. On hearing the news, the company stock surged 18 percent before closing for the day at 5 percent up, at $2.09, on the NYSE. Some of these options could include a sale of its portfolio of patents to raise cash. With the emergence of ARM SoC industry, AMD finds itself holding valuable IP that could fetch cash.
In a statement to Reuters, a company spokesperson said: "AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly-differentiated technology assets is the right approach to enhance shareholder value. AMD is not actively pursuing a sale of the company or significant assets at this time." Some analysts believe that AMD will not be able to reverse its decline in time, given the rate at which it's laying off engineers, others add that it might be difficult to buy AMD as a whole, since it's considered to be a "legacy company."
Source:
Reuters
In a statement to Reuters, a company spokesperson said: "AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly-differentiated technology assets is the right approach to enhance shareholder value. AMD is not actively pursuing a sale of the company or significant assets at this time." Some analysts believe that AMD will not be able to reverse its decline in time, given the rate at which it's laying off engineers, others add that it might be difficult to buy AMD as a whole, since it's considered to be a "legacy company."
75 Comments on AMD Looking for a Buyer?
Heck Microsoft did the exact same thing to keep Apple alive in 1997->source
With Apples cash flow, they could surely take AMD mucvh more competative with Intel and maybe better with radeon. look at the entire picture.
We saved american jobs but we sold 4/5ths of the company to Italians.
Oh and you'll all be getting fired as soon as this contract runs out.
:toast:
Don't worry guys, I doubt nvidia want to buy them anyway, legacy company and all that.
If you're saying Intel dominates in GPU, I'm going to assume you're referring to the iGPUs included with all their CPUs.
EDIT:For most people they are more than enough.
If we had Cyrix (RIP), Via, IBM already established in the desktop marketplace still things would be fine. But any new entrence wouldn't survive it's launch date. Intel will just sue them for something tivial and they'll be broke in a few months of fighting lawsuits. With Intel remaining enjoy changing sockets once and paying £500 for a CPU.
Our only hope is an established corporation like Microsoft or Apple go into the desktop processor marketplace or the buyers of AMD are 100% comitted to continuing to strive in the desktop microprocessor business.Microsoft issue was a lot more complex. Microsoft had their hands in more than just the OS pie, they were told to split mainly because they were using their OS to push out competing third party software companies. i.e. Internet browsers, media players, video encoders, word processors etc as many Microsoft biased software was integrated into the OS which was unfair.
The Government would only get involved if Intel started integrating their CPUs into the motherboards and soldiering RAM onto it, that would put all the motherboard and RAM companies out of business. Thus, the Gorvernment would order Intel to play fair or split!
But you are right for different reasons, Intel might bail AMD out to get access to renewing existing licences and patents. Who knows Intel might buy AMD outright and own it - for the sake of the patents.
Also, there is talks of Sony using AMD's APUs on their next generation console. If that is official, Sony might bail AMD out to stop the PS4 sinking.
:) I might do that.