AMD Financial News

[Idontcare]

Originally posted by: Foxery
Hmm. Will Foundry Company have publicly traded stock? I don't see that in the articles.

And is that its full name? (Completely generic?)

According to FUD its going to be an AMD subsidiary.

Foundry Co. is going to act as subsidiary of AMD and it will be part of AMD earning calls in the quarters to come

http://www.fudzilla.com/index....=view&id=9831&Itemid=1

This might be their technical end-around the x86 license issue.

 

[Foxery]

Ah, that makes sense. (Well, in some convoluted legal way!)

Slight tangents - does Intel sell any of their fab capacity? Or do they just run a pretty tight ship?

And is 3-4 years to build the New York fab a normal timeline?

 

[Idontcare]

Originally posted by: Foxery
Ah, that makes sense. (Well, in some convoluted legal way!)

Slight tangent - does Intel sell any of their fab capacity? Or do they just run a pretty tight ship?

They have a somewhat cloudy cross-licensing deal with micron for their NAND flash fabs. Not clear (to me anyway) who is the fab owner versus who is the foundry producing the NAND in that relationship. Either way it isn't an open foundry venture, so really doesn't count.

Intel keeps it tight, colonial puritan tight.

 

[Idontcare]

AMD Says Manufacturing Deal Does Not Violate Intel Processor Patents

Tit for tat.

This should have been discussed to reach a mutual agreement of understanding behind closed doors before AMD made their public announcement.

At best this is going to cast a palor of dark litigation clouds hanging over the Foundry Co and AMD. At worst there is going to be some merits to Intel's concerns and AMD is going to do a SCO here.

Way to go Dirk and Ruiz, still can't get it together enough to do whats best for your shareholders...what the hell were they doing for an entire year if part of it didn't include making sure Intel would not throw down the day after the announcement?

 

[Foxery]

What shareholders? It's down to $4

I wonder if they did ask, were told 'no' already, and decided to fight it out. Then it's a race to see who is slower: lawyers or construction workers. I'll get the popcorn!

I'm feeling much less inspired about their long-term business plan than I was yesterday.

 

[Idontcare]

Originally posted by: Foxery
I wonder if they did ask, were told 'no' already, and decided to fight it out. Then it's a race to see who is slower: lawyers or construction workers. I'll get the popcorn!

Were that the case then I'd have expected AMD to make a pre-empted PR move and stated at time-zero in the same press release that they announced the spin-off that this move does not violate any cross-licensing issues.

Go on the attack, be first to draw the line in the sand, and make Intel challenge it publicly on your terms rather than know full well Intel was going to make the challenge (because the closed door talks fell apart) but allow them to set the tone, timing, and wording.

I would argue either way, if this was part of their strategy as you suggest then they failed at that as well by taking the passive position and waited for Intel to state the obvious.

 

[Idontcare]

AMD's Ex-CEO Set for Nice Payout

SAN FRANCISCO -- Former Advanced Micro Devices(AMD Quote - Cramer on AMD - Stock Picks) CEO Hector Ruiz is set to net $3 million for splitting the chipmaker in two.

The payment , disclosed in a regulatory filing Friday, is in addition to a new two-year contract that could be worth as much as $11.5 million for Ruiz to serve as nonvoting chairman of AMD's former manufacturing arm.

As chairman of the Foundry Company, as AMD is temporarily calling the new entity, Ruiz will earn an annual salary of $1.15 million, with a maximum annual bonus opportunity of up to 400% of his base salary. A special $3 million bonus is subject to the closing of the deal to create Foundry and Ruiz's assuming the chairmanship of Foundry.

http://www.thestreet.com/_yaho...&cm_cat=FREE&cm_ite=NA

Siimply amazing.

 

[thilanliyan]

Originally posted by: Idontcare

AMD's Ex-CEO Set for Nice Payout

SAN FRANCISCO -- Former Advanced Micro Devices(AMD Quote - Cramer on AMD - Stock Picks) CEO Hector Ruiz is set to net $3 million for splitting the chipmaker in two.

The payment , disclosed in a regulatory filing Friday, is in addition to a new two-year contract that could be worth as much as $11.5 million for Ruiz to serve as nonvoting chairman of AMD's former manufacturing arm.

As chairman of the Foundry Company, as AMD is temporarily calling the new entity, Ruiz will earn an annual salary of $1.15 million, with a maximum annual bonus opportunity of up to 400% of his base salary. A special $3 million bonus is subject to the closing of the deal to create Foundry and Ruiz's assuming the chairmanship of Foundry.

http://www.thestreet.com/_yaho...&cm_cat=FREE&cm_ite=NA

Siimply amazing.

Can't the company and its board members decide to relieve him of his duties? How the heck is he allowed to stay on in any capacity? They can't still trust him can they?

 

[bryanW1995]

Originally posted by: Martimus

Originally posted by: bryanW1995
yeah, delphi's bankruptcy had absolutely nothing to do with the union's refusal to renegotiate their ridiculous contracts. if they couldn't find a way to be profitable during the past few years imagine what would have happened to them in today's climate...that reminds me of several dealers in my market. I believe that we'll lose 10-15 % of the dealerships in this country in the next 12 mos. Good times for the rest of us...

I'm not sure why you feel that the unions high costs had nothing to do with the higher operating costs we had that kept us from being able to compete with our competitors unless we sold at a loss. they actually did renogotiate their contracts at the end, but it was too little too late by then. I mean every union employee cost us ~$130K a year, while us salaried employees were only around $80-$90. (This includes benefits) The union just had insane benefits, that cost over $70,000 per person per year. But that wasn't the only reason for the higher operating costs. We had a lot of unused factory space, and old equipment that increased overhead, and we had the GM way of promoting poor performers to get them out of the way.

I was being facetious. Delphi was killed by the unions, well, actually, it was killed b/c gm had such poor negotiators for so many years. I don't blame the unions for wanting to keep their gains, but they should have eventually realized what was coming. between the unions and the poorly managed big 3 they have nearly bankrupted an entire state. I just hope that it's not too late for some of them to turn things around.