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?
AMD says no plan to sell company or assets
Look at the TIME STAMPS. MarketWatch report came after stock market closing while the Reuters report came 2hours after. AMD had already given a statment prior to the 2hrs before stock market closed but Reuters reported the speculation and didnt include AMDs response.
Thats why the stock came back down before market closing.
Jumping the gun. Story was denied before it got published
You'll notice the TIME STAMPS on some the articles below are prior to the Reuters report being published
Fox Business - Advanced Micro Devices Denies It's Exploring a Sale
CNBC - Advanced Micro Says No Plans for Sale: Report
The Wall Street Journal - AMD Says Not for Sale
The Street - AMD Shoots Down Sale Rumors
NASDAQ - Reports: AMD Denies Speculation It Is Exploring Options, Including Sale
Write Up on why its Fake:
The AMD Buyout Rumor: Why It Had To Be Fake
there is nothing wrong with the products AMD sells, they are just as good as their intel counterparts if not better depending on the task at hand.
Personally I like that,m make Intel prices stay lower than they could be, and give options to people that have smaller wallets. (I build Intel rigs all day, but when it comes down to it, I'm an AMD guy at home.)
Worry if the stock spikes up and stays up
There only 3 companies that could buy AMD (4 if you count Microsoft but FTC wont allow it)
1) Qualcomm - Huge company in mobile and has history old ATI IP rights
2) Samsung - Has its own fabs and tape-outs for Nvidia and manufactures majority of chips for Apple so its likely and best match
3) Google - Has Motorola Mobile and it was a bad buy and possibly looking to sell it
4) Microsoft - Has buyout rights to Nvidia Stock
5) Apple - Long shot since it will be aquiring all its IPs in x86 it would be competing with itself if it decided to purchase
AMD Shoots Down Sale Rumors
added.
And I can see they are in panic mode now! :laugh:
I have built and owned some AMD systems since though and they were great.
Naturally I don't want to see AMD fail. I'd much rather see them succeed and make products I want to buy. But that's the problem right there since I haven't seen them make anything I want for quite some time.
For what it's worth I'm not convinced that Intel won't suffer some due to the ARM initiative.
The times, they are a changing,...
ARM will keep prices in check for Intel if AMD ever goes.
Both AMD and Intel created some of the best competition in the PC industry. You don't hear about IBM competing with Intel, no you hear AMD competing. Either way if AMD fails then so will Intel eventually down the line. IMO
Intel might have a chance, but they'll lose a lot. ARM has an advantage.
But then, never underestimate intel...
No you do not have a grip on this at all. You see this as the END and nothing more. The end of the PC industry and the end of technology moving forward. Well my deluded friend you are so wrong.
But Companies Plausible to buy Amd.
Google
Samsung
Motorola
DEC/Alpha
TI
IBM