AMD says it is definitely, really not for sale

This is a subject

Sorta, Kinda.

Agree with you on the "Don't want Oracle to buy AMD" thing.

To clarify the legal-ese language here.

"AMD is not for sale..." - we are not actively seeking a buyer for the business. We [the board] have a viable business plan and will continue executing this, and we do not need a change of ownership to achieve this.

"happy to listen to any proposal" - if someone comes to the board and offers loads of cash per share we'll talk to them if they have a serious proposal to acquire the business.

So although it sounds like double talk, the two statements can both be true. If a company is approached with a mega-bucks take over deal the board (certainly in the UK) has a fiduciary duty to consider that approach in the interests of share holders. If they feel the approach isn't worth it they say so. If the approach is 2x the current share price or more, they'd better have a damned good reason for rejecting it. The suitor can still go hostile without board approval - it is more difficult but not impossible.

However in the UK companies cannot use poison pill defences to prevent hostile take overs, something that is available to our US cousins over the pond.

As for Cadbury - the closure of the factory at Keynsham (the former Fry's facility near Bristol), was the water shed. Kraft acquisition or not, that company was trading on its British credentials, but had already shifted much of its production to eastern Europe. The descendants of the founders groused a bit in public but had sold off large chunks of their ownership interest a long time ago.

AMD "not for sale"

Re the poster with the Cadbury comment. This type of asset stripping has been going on for years. IMHO one of the sickest (slickest?) deal done in the last few years was the Rover fiasco. Allegedly the persons who were trusted to rescue the company trousered the government rescue funds for themselves and then wound up the business. A very similar stunt was done to a relative of mine. His fledgling central heating business was approached by a property developer who was building a couple of dozen houses. He got the contract to supply and fit all the plumbing and central heating. No payment was received after the first dozen houses had been completed but the excuse was that we have cash flow problems at present because no houses have yet been sold. Don't worry they said, carry on and you will be paid. When the estate was completed it stood empty for a little while then all of a sudden within two or three days all the houses were sold and occupied. The "entrepreneurial" director bagged all the money for himself as salary and bankrupted the company. Electricians, plasterers and all the "end trades" were never paid. Amazingly such behaviour is still not illegal in the UK! The shyster allegedly had a villa in Spain, a yacht, nice suits, flashy watches, big cigars and a new Jaguar etc. Look the part and work the con seems to be how its done and there's a LOT of it about. Incidentally the buyers of the properties were all saddled with big mortgages and the fact that they were living in homes constructed with what was basically stolen property was not really their fault. Possibly anyone pulling such a scam in the USA would go to prison for a long time but in the UK we have "scammers rights", "burglars rights" etcetera. Not very good is it?

Me too!

Let's go down to the beach and fetch a bucket of sand, chuck it in the oven and make our own CPUs! How hard can it be?

Getting all righteous is pointless:

* Don't drive a VW because Hitler started VW,

* Don't use the internet because it was started by the American Aggressor forces.

* Don't use a mouse because it is demeaning to furry animals.