Monday, April 30th 2007
AMD’s debt piling up
Chip maker AMD is struggling financially at present, largely due to the $5.4 billion acquisition of ATI last year. The company had already reported a net loss of $611 million for the quarter ending March 31st, but it has now been forced to raise finance by offering Convertible Senior Notes to investors. These differ from stocks because AMD will have to pay back the money it has raised once its stocks hit a price of $42.12 (the current price is at $14) which is essentially plunging the firm further into debt. Analysts are now worried that AMD could run out of cash by the forth quarter of this year if it doesn't borrow more money, with an estimated figure of just $1.1 billion in the bank. Meanwhile, AMD's closest rival Intel is in it's strongest market position since 2005, with profits of $1.6 billion in the first quarter of 2007. AMD will be banking on the new Barcelona core and the R600 series of graphics cards to help it back onto its feet.
Source:
DailyTech
94 Comments on AMD’s debt piling up
I spammed you for fun, I know it ain't gonna achieve anything...
You're so sad you have to bring what I do in private to the public...
Pretty pathetic imo lol..
Anyways, AMD needs to spend more money to make it.
However, the delays are costing them a good deal.
But if you look at it they have lowered prices quite a bit, so for the average spender an AMD system is def. cheaper and you can get a better bang for the buck.
Unfort., Intel sees this and is countering.
But nothing can beat a dual core for under $60 :)
PS --> Childish fights like this really piss me off. This is a forum and they are both completely off topic. I think they both deserve at least 1 infraction for this.
sorry all, i shoudnt have kept the "slap the casheti" posts going.......
EXACTLY, IT DOESN'T. LOL, YOU HAVE TO MAKE STUFF UP TO TRY AND MAKE ME SOUND BAD...
Even more sad rofl..
A childish argument started by an adult...I simply stated my opinion and you couldn't take it could ya?
Awww, poor gayboy.
Especially as Ashen has stopped.
This is a forum, where only words are posted.
My words can sound fun and jumpy or angry and mean etc...
It's how I choose to post that makes the difference. In this case I choose to post in a mean way. I'm not worked up at all :D
I don't mind getting temp banned.
Personally I think we've wasted too much space on tthis thread and all flame posts should be deleted.
This hasn't been the first time I have seen you in a fight like this as well (as I have been around here for a long time).
Most of your posts are SPAM in here and you are just fighting and fighting like a little kid.
This is not the place to do it.
This is about AMDs Debt piling up, not about you.
The world does not revolve around you.
Anyways, AMD needs to generate some revenue now with the ATI cards coming out.
It has to be priced just right so it can compete with Nvidias.
Cash don't respond to the above badly, just leave it and lets get back on topic.
I'm a bit unclear on this but will AMD's soon-to-come chips have an AM2 variant?
maby go outside for a walk, cool off :)
im done, i said what i needed to say, :)
The next chipset will be AM3 and will use DDR3 RAM.
So that wont be for a while.
i want a kuma or rana core, hell i would settle for a spica core if i could get ahold of one :)
back on topic now please :toast: