AMD (AMD) is bleeding cash ? the company reported a loss of $396 million last quarter alone. That puts AMD in a tricky financial position. The company has more than $5 billion in debt, much of it from the acquisition of graphics chipmaker ATI, but it it needs cash both to finance future projects and to pay for earlier acquisitions. (The ATI purchase is still causing headaches; AMD today said it will take a significant writedown from the $5.4 billion transaction, a possible sign it overpaid.)
http://bigtech.blogs.fortune.c...md/?source=yahoo_quote
http://www.reuters.com/article...260337320071212?rpc=44
NEW YORK, Dec 12 (Reuters) - Microchip maker Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research) said on Wednesday it plans to write down the value of its 2006 acquisition of ATI Technologies.
Double Post
-Schadenfroh
http://bigtech.blogs.fortune.c...md/?source=yahoo_quote
http://www.reuters.com/article...260337320071212?rpc=44
NEW YORK, Dec 12 (Reuters) - Microchip maker Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research) said on Wednesday it plans to write down the value of its 2006 acquisition of ATI Technologies.
Double Post
-Schadenfroh
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