AMD Seeking Additional Financing

[kwchang007]

Heres an idea... Why dont the sell off the ATi dept?

And gain some money back while we still have a fantastic craphics company.
Altho i think intel could learn a trick or two from AMD with its processors. Just think of a Core2Quad with a hypertransport and onboard memory controller.... SUPER quick!!!

Meh time will tell

sell of ati? they would have to sell it off super cheap since they just bought it. also, they would undo all the integration they have recently created. alot of good things could come from this, but it has also brought big money problems at exactly the wrong time. right when amd bought ati intel was rolling out the core 2's which are the best cpu's we have seen in our lives to date. oh and intel is creating something called "csi" (basically intel's verison of ht) and also including an onboard memory controller in their next architecture.

All of you guys that are saying intel and amd together would be good...that's not true. imagine if we only had intel...we would probably still be stuck on single core p4's at about 3ghz for like $300. only amd's complete dominance over intel in the desktop segment made intel totally rethink their game. anyone that thinks a monopoly is good is wrong....look at microsoft. they do create a good product, but 5 years between xp and vista? imagine if they had real competition... maybe 3 years, that's what they're predicting for the next version, but you know there will be delays.

also, i don't think there will be need for intel to buy amd. it's not so drastic that amd has to start spinning off ati or even split their stocks (although that may be a good idea). amd just has to produce some winners at their respective price ranges. before intel buys amd, amd will almost certainly file for bankruptcy. amd isn't even close to backruptcy so i don't see why everyone is worried. why don't we just see what phenom can do before we decide if amd is going to die....anyways GO AMD GO!!!!

 

[Casheti]

Normally I don't give a crap about AMD but since they bought ATi I don't want them to die.. purely cos I want ATi to live on!

 

[yogurt_21]

not burst everyones bubble or anything, but hello Source?

there is no source listed there so my gut tells me this story is bogus. especially about the part of them going under. amd has gone through plenty other bad times, none of which did they even get close to going under (ie bankruptcy talks) and those were dunring much longer times of much more dominance (pentium 2 vs k6 anyone?)

so wheres the legitimate source of this article and don't say fuzilla or the inq cause they've been wrong about 60% of the time.

 

[HellasVagabond]

The source isnt 1 site but many throught the internet....Thus i cant start listing one after the other...One thing is for sure, if this was bogus AMD wouldnt leave it at that and they would call for a press release....Besides AMD is falling back in profits and we are all aware of that for almost a month now....

 

[yogurt_21]

so was intel for 3 years straight, and as I've posted up before so way amd for more than 5 years during the intel pentium1,2,3, and early 4 dominance.

not doubting that amd had the meeting about finances, doubting that the opiniosn in the so called news are correct, staing that amd is about to go under is an opinion, not a fact.

edit: http://finance.google.com/finance/historical?q=AMD

stocks are up 1.36 pts from june

edit2: AND actually contary to this bogus thread, here is an actual source stating otherwise (again not the meeting but the Opinions stated in this so called news)

http://www.statesman.com/business/content/business/stories/technology/07/16/0716plugged.html

 

[bigboi86]

so was intel for 3 years straight, and as I've posted up before so way amd for more than 5 years during the intel pentium1,2,3, and early 4 dominance.

not doubting that amd had the meeting about finances, doubting that the opiniosn in the so called news are correct, staing that amd is about to go under is an opinion, not a fact.

edit: http://finance.google.com/finance/historical?q=AMD

stocks are up 1.36 pts from june

Good point. I doubt they will bankrupt, they are in a bind though.

 

[HellasVagabond]

Even if the news are true i doubt AMD would allert the public , that would mean even more trouble for them. Im saying that cause in over 100 sites statesman is one of the only ones to state AMD is doing well. Like i said i dont know if this news is real since i wasnt in the Shareholders meeting but if it is AMD is more likely to try and cover it by counterattacking using other websites. Easy and to be honest i would had done the same

 

[plus]

Web at it's worst!

The original post is bogus.

It's a bad paraphrase of a blurb over at www.fudzilla.com which was quickly proven wrong.

AMD had a meeting July 16 at 10am - it was a vote on employee stock options. That was the only topic of the meeting. The vote passed 290m to 10m, and the meeting was over in ten minutes. There was no discussion about "raising additional financing to maintain stable operation".

Nearly every word of the original post is wrong: AMD did not sell "a great part of it's assets", "negatively affecting it's debt holders". AMD is in the process of selling it's out of date 200mm fab equipment, as it moves to new 300mm equipment.

Whether AMD will post a larger than expected loss is complete speculation... but we'll know for sure on Thursday at 5:30 pm.

Now, for the good news:

-AMD did in fact get Gateway, Dell and Toshiba which were all "Intel only" accounts until recently.

-AMD's stock is trading at a 6 month high, up over $2.50/share in just the last 30 days.

-AMD is better capitalized than ever, after selling a $2.2 billion dollar bond at just 6%. (AMD already had $1 billion in cash at the time of the offering.

However AMD is expected to report a loss, as they continue to absorb the merger of ATI, and learn to work with Dell and Toshiba, after years of primarily serving the white box market. But the new Barcelona cpu is due in August, and AMD seems to be strong in both server and mobile. Intel will continue to prevail in desktop and workstation.

 

[d44ve]

if this is true... I think that when posting news we need to be careful that we are posting news and no not an opinion or rumor. You have the badge of "Staff" so you now reflect on TPU directly with what you post and what you say..... something like this can cause a lot of trouble and do absolutely no good for anyone here

Of course... this is only if what the above poster said is true.

 

[15th Warlock]

Citing a source you can trust when posting news helps cover your back as well...

 

[plus]

Links for above:

I'm including some links to back up my earlier post. I personally listened to the meeting, and heard them say no other topics were on the agenda. The meeting was very brief.

Toshiba goes AMD:
http://www.engadget.com/2007/05/29/toshiba-going-amd-in-some-us-european-laptops/

Dell goes AMD:
http://www.walmart.com/dell

Listen to the July 16 meeting here (about 10 minutes or less)
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=74093&eventID=1572621

30 day amd stock price chart:
http://www.bigcharts.com/custom/dat...aval=9&uf=0&lf=1&lf2=0&lf3=0&sid=373&x=43&y=8

$2.2 billion dollar bond:
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~117246,00.html

 

[newtekie1]

If AMD goes under, does that mean ATI is out too? Giving Intel and NVidia both monopolies?

Why do you say money wasted? I think that was a good move, no?

It isn't a good move when your in a money crunch to spend huge amounts of money to buy companies you don't need.

 

[plus]

AMD has zero chance of going under - at least not in the next couple years. What's important is that they get a working, profitable relationship with the big OEM's, which will cement their status in the biz. The OEM's don't want to return to an Intel only deal, but at the same time, like squeezing AMD for the lowest price possible.

The ATI deal was less about high frame rate graphics, and a lot more about delivering platforms for both desktops and notebooks that are ready to go for the OEMs.

If you're concerned about AMD, read their cash flow statements, rather than their profit and loss reports. Based on the Q1 cash burn, they could last a couple years. I expect them to return to profitability well before that time, however.

 

[d44ve]

Is there anymore information as to the legitimacy of this "News"?

 

[HellasVagabond]

Its funny that 1 member has only posted 3 times and all 3 times in this thread....
AMD/ATi follower perhaps ?
Well for your info this has been reported by many websites ( use google ) so it aint just fudzilla....On the other hand did you expect AMD/ATi to come out saying
"Hey guys do you have a dollar to spare ? We need money..."
Having said that you might wanna check the profit loss AMD/ATi sustained since Motorola cut back on its order from them due to Q2 profit loss.
And having the badge like someone suggested of staff DOESNT make me Pope.

 

[d44ve]

And having the badge like someone suggested of staff DOESN'T make me Pope.

I don't recall saying any of that nature.....

I did say that with being a member of the TPU staff, your actions do reflect on TPU.

ESPECIALLY since your postings are going on THE FRONT PAGE of TPU for everyone to read.

Do you really think that you can go off posting your opinions and rumors in the news section and it doesn't reflect on TPU or their "staff"?

 

[HellasVagabond]

Opinions ??
http://www.google.gr/search?hl=el&q=AMD+additional+Financing&meta=

Now everyone who hasnt got anything to add please stop trolling !

 

[d44ve]

All of those refer back to fudzilla (which we all know how reliable they are)

 

[HellasVagabond]

So yahoo along with dozens of sites refer to it and i shouldnt ? Nice...
Enough with the offtopic people

 

[d44ve]

So yahoo along with dozens of sites refer to it and i shouldnt ? Nice...
Enough with the offtopic people

Lets clarify something here.... YAHOO does not refer to it... their message boards do, along with every other message boards listed there.

Sure, you can refer to it if you want..... I was just trying to help keep rumors to a minimum in the NEWS section.

Back to the topic.

 

[HellasVagabond]

Like i said its a rumor and the only way for us to know is if we where in that meeting...Since we werent whatever happened for real is something neither of us will ever know.
( Its intriguing however that Fudzilla knew about the shareholders meeting before any other online forum , webpage......Makes you wonder... )
- End Of Offtopic -

 

[d44ve]

Like i said its a rumor and the only way for us to know is if we where in that meeting...Since we werent whatever happened for real is something neither of us will ever know.
( Its intriguing however that Fudzilla knew about the shareholders meeting before any other online forum , webpage......Makes you wonder... )
- End Of Offtopic -

The meeting is right here

http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=74093&eventID=1572621

-Now End Of Offtopic-

 

[plus]

Mr. Hellasvegabond,

Frankly, I'm amazed at your position. All of the links point back to Fudzilla, as was already mentioned. Your post was a bad paraphrase of Fudzilla - you actually piled it on to make it sound worse.

I gave you the link to the meeting, which was a live webcast - hardly private. If you had listened to the link, as I did, you'd know your post was in error, as was the Fudzilla "industry sources". Actually, if you did any independent research after your post was challenged, you'd know as the rest of us do that it's 100% bogus.

I am an AMD investor, and I found your post being used as backup to the Fudzilla post on the yahoo message boards. It was quoted as it it was factual, being you're techpowerup staff.

This seems like a nice site. Certainly there is an ongoing war between AMD and INTC, and it is being fought not just on the manufacturing side. It works best if we all stick to facts as much as possible.

Plus

 

[HellasVagabond]

Plus i figured as much..But do try to understand that rumors exist Prior to everything thus the rumor about that shareholders meeting....I dont know about the live broadcast....I cant even vouch that it wasnt cut and clipped at a later moment....As far as i aint present where a meeting occurs i cant be certain of anything. I would say the same for AMD , Intel , ATi , Nvidia and just about every brand out there.

 

[kwchang007]

Mr. Hellasvegabond,

Frankly, I'm amazed at your position. All of the links point back to Fudzilla, as was already mentioned. Your post was a bad paraphrase of Fudzilla - you actually piled it on to make it sound worse.

I gave you the link to the meeting, which was a live webcast - hardly private. If you had listened to the link, as I did, you'd know your post was in error, as was the Fudzilla "industry sources". Actually, if you did any independent research after your post was challenged, you'd know as the rest of us do that it's 100% bogus.

I am an AMD investor, and I found your post being used as backup to the Fudzilla post on the yahoo message boards. It was quoted as it it was factual, being you're techpowerup staff.

This seems like a nice site. Certainly there is an ongoing war between AMD and INTC, and it is being fought not just on the manufacturing side. It works best if we all stick to facts as much as possible.

Plus

I have to say something...please don't say that because you are an AMD investor that AMD is not under any financial pressure. I will sight AMD's stock prices in February of '06 it was at $40, it then dropped to $18.26 on July 21, 2006. On Oct 16, 2006 it was back up to $25.38, then it started a gradual fall and now it sits at ~$15.84. That's not a good thing. Intel has been on a slow but steady gain since July 21 ($17.15).

There is an obvious correlation, and it's very obvious Intel has been doing better business. No one is saying AMD is going to go bankrupt, however people are saying AMD is trying to raise money, espically since they are trying to roll out their new chips on time and get 65 nm kicking completely (I'm sure they'll have it soon), open up new fab plants, get ready for Intel's next price cuts and penryn, and continue to shrink it's fab sizes.

AMD doesn't have the cash reserves that Intel does, so they need to raise money to stay competitive...it's bad for AMD but not as bad as you think HellasVagaBond is making it seem. He is just reporting what I have said, AMD needs money to stay competitive and they are doing so.