Well, that didn't take very long. Reuters reports that chipmaker AMD is doing the old "exploring its options" routine, and has hired investment bankers at JP Morgan Chase to help it do that exploring. According to the report – which cites the usual "sources familiar with the situation," and in fact says it has three different …
There goes the neighbourhood
As anyone who watches the Keiser Report could tell you - getting JPM involved is the last thing you want to do.
Cue Patent Troll Purchases and Ensuing Lawsuits
I am gonna get the popcorn :)
"CEO Rory Read, who was hired to turn the company around, was handed a very tough hand to play,"
Oh if AMD had only stayed away from ATI how things might be different. Not the worst M/A in history but was enough to make AMD irrelevant in about two quarters.
When you are worried about merging two giant mgmt structures and all the infighting that comes along with it then you lose focus on staying ahead of Intel which AMD did. Intel had their Israel unit save them by releasing the Core/Core 2 stuff and beating AMD to quad core by almost a year, and AMD has been behind ever since. Also didn't help they hard to write down billions in goodwill off the purchase price (AMD paid about double what ATI was worth). Its possible in the next five years they can make the merger look like a good bet but my guess is its already too late.
AMD is not for sale
AMD is looking to license it's technology. The company is not for sale.
As far as ATI is concerned they have contributed nicely to AMD's revenue streams with GPUs and APU technology. You don't recoup the cost of purchasing a company like ATI or Seamicro over a few quarters. It takes time to merge the resources and eliminate duplicate personnel or assign them to other areas before you can deliver new products and create additional revenue streams.
- Facebook offshores HUGE WAD OF CASH to Caymans - via Ireland
- Microsoft teams up with Feds, Europol in ZeroAccess botnet zombie hunt
- Justin Bieber BEGGED for a $200k RIM JOB – and got REJECTED
- Review Bigger on the inside: WD’s Tardis-like Black² Dual Drive laptop disk
- Inside Steve Ballmer’s fondleslab rear-guard action