You honestly believe nVidia will stop selling massively popular AMD chipsets just because they own ATI now? I doubt that.
Originally posted by: j00fek
what?
AMD is paying about 20.47$ per share. When the deal was announced ATYT was priced at 16.56$ . ATYT shareholder sure are happy, but AMD shareholders are furious heh.
I have a question, I thought I heard last week this wasn't going to be final until shareholders had a chance to vote, which would be today. What happened?
AMD owns over 51% of it's own shares. It's not a democracy
. The deal is done, it's just a matter of crossing the t's now.Who do you mean by "AMD"? CEOs and people in management at the company?Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
What? According to Yahoo institutions own 80% of all shares. How does 51 + 80 = 100%?
i just hope amd doesnt alienate nvidia with the chipsets. ati is still in its infancy in that area.
and i would suspect that alot of enthusists would leave amd for intel
i hope it doesnt happen like this, or id be faced with a cip change bahh
and i would suspect that alot of enthusists would leave amd for intel
i hope it doesnt happen like this, or id be faced with a cip change bahh
Originally posted by: LegendKiller
Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
What? According to Yahoo institutions own 80% of all shares. How does 51 + 80 = 100%?
80% of shares on the market. Not all of AMD's shares are on the market. No company would be insane enough to allow outside ownership control its interests.
Originally posted by: Firebot
Originally posted by: LegendKiller
Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
What? According to Yahoo institutions own 80% of all shares. How does 51 + 80 = 100%?
80% of shares on the market. Not all of AMD's shares are on the market. No company would be insane enough to allow outside ownership control its interests.
That's not just float, that is total outstanding. Are you f'ing kidding me? Do you know anything about how this works?
Are you telling me that you think that all investors are beholden to the company and it's self-elected board of directors and that NO company represents nor has to seek approval of it's investors or outside investors of internal issues or external acquisitions?
Are you nuts?
If you have evidence that the majority of outstanding shares are owned by AMD itself and that investor elected board of directors are scarce there and that they do not have to seek external approval please provide.
Being located 3 levels below the C-level people at a Fortune 100 company that just acquired two large companies, one of which is going up for stockholder approval in a month, both for us and acquisition target, I can say that your assumption that "No company would be beholden to external investors" is pure BS. However, I am always willing to listen to evidence.
From Hoovers.com, AMD currently has 435M shares outstanding, from Yahoo, Oppenheimer owns 6.24% or 30M shares. Considering that their 30M shares is actually 6.94% of outstanding, the difference in treasury would be approximately 48M worth of shares, or about 10% of total outstanding + treasury, amazingly that is far short of your 51%. Now, if AMD had 887M shares outstanding, like you suggest, then their stock would be worth about half as much as it is. Treasury stock, unless retired, is still valued at market and is included in total outstanding.
Originally posted by: LegendKiller
Originally posted by: Firebot
Originally posted by: LegendKiller
Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
What? According to Yahoo institutions own 80% of all shares. How does 51 + 80 = 100%?
80% of shares on the market. Not all of AMD's shares are on the market. No company would be insane enough to allow outside ownership control its interests.
That's not just float, that is total outstanding. Are you f'ing kidding me? Do you know anything about how this works?
Are you telling me that you think that all investors are beholden to the company and it's self-elected board of directors and that NO company represents nor has to seek approval of it's investors or outside investors of internal issues or external acquisitions?
Are you nuts?
If you have evidence that the majority of outstanding shares are owned by AMD itself and that investor elected board of directors are scarce there and that they do not have to seek external approval please provide.
Being located 3 levels below the C-level people at a Fortune 100 company that just acquired two large companies, one of which is going up for stockholder approval in a month, both for us and acquisition target, I can say that your assumption that "No company would be beholden to external investors" is pure BS. However, I am always willing to listen to evidence.
From Hoovers.com, AMD currently has 435M shares outstanding, from Yahoo, Oppenheimer owners 6.94% or 30M shares. The number tick and tie perfectly. Now, if AMD had 887M shares outstanding, like you suggest, then their stock would be worth about half as much as it is. Treasury stock, unless retired, is still valued at market and is included in total outstanding.
Nah, you are right. I messed up badly on my post and went to double check what I said as soon as I did since something wasn't quite right. While there are a lot of companies which do hold 51%+ of it's ownership within the company, AMD isn't one of them.
What the hell were the owners of ATI thinking? ($$$, Moola, Retirement?)
This sucks big time. Now it's time for another contender to enter the market, like 3DFX did in the past! I do not like mergers and particularly this one IS very odd! As much as I like AMD and ATI, I'd rather have them as seperately owned legal entitys! This is just as bad as Electronic Arts buying out all the small game development houses!
So Now if I buy an AMD mainboard, I'll be forced to use ATI card for better compatibility?
P.S.
What is Dell going to do now about embedded graphics? Intel only? Dell has been using ATI and Intel graphics chips in servers.
Originally posted by: Firebot
Originally posted by: LegendKiller
Originally posted by: Firebot
Originally posted by: LegendKiller
Originally posted by: Firebot
AMD owns over 51% of it's own shares. It's not a democracy
What? According to Yahoo institutions own 80% of all shares. How does 51 + 80 = 100%?
80% of shares on the market. Not all of AMD's shares are on the market. No company would be insane enough to allow outside ownership control its interests.
That's not just float, that is total outstanding. Are you f'ing kidding me? Do you know anything about how this works?
Are you telling me that you think that all investors are beholden to the company and it's self-elected board of directors and that NO company represents nor has to seek approval of it's investors or outside investors of internal issues or external acquisitions?
Are you nuts?
If you have evidence that the majority of outstanding shares are owned by AMD itself and that investor elected board of directors are scarce there and that they do not have to seek external approval please provide.
Being located 3 levels below the C-level people at a Fortune 100 company that just acquired two large companies, one of which is going up for stockholder approval in a month, both for us and acquisition target, I can say that your assumption that "No company would be beholden to external investors" is pure BS. However, I am always willing to listen to evidence.
From Hoovers.com, AMD currently has 435M shares outstanding, from Yahoo, Oppenheimer owners 6.94% or 30M shares. The number tick and tie perfectly. Now, if AMD had 887M shares outstanding, like you suggest, then their stock would be worth about half as much as it is. Treasury stock, unless retired, is still valued at market and is included in total outstanding.
Nah, you are right. I messed up badly on my post and went to double check what I said as soon as I did since something wasn't quite right. While there are a lot of companies which do hold 51%+ of it's ownership within the company, AMD isn't one of them.
Personally, I have never seen one like that, at least not a major publicly owned company with a decent sized market cap. However, where I might actually agree with you, in spirit, would be the fact that 80% of those shares owned by institutions are usually rubber-stamped in favor of management decisions, voted by-proxy by the fund managers.
It's kind of a crooked game. The fund managers don't always look out for the common investor and a lot of the time vote with management to curry favors, such as i-banking business on that side of the house. No matter how many firewalls they put up, it's still a crooked game.
If I were a fund manager and I had the analyst team to dig through the presentations for this, I'd bet that they would find that this isn't what it's cracked up to be. However, most won't say that.
So, while you may have not been right about the 51%, your premise is more or less correct. The average Joe who invested in Oppenheimer through 401k or pension or mutual won't have much say, even if they knew this whole thing was a sham.
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iirc, the company can't vote treasury shares anyway.
while i think that most companies are privately held, that isn't the same as saying that most of them own a majority of their own stock.
additionally, the shareholders have to approve the merger.
25% premium isn't very much premium.
while i think that most companies are privately held, that isn't the same as saying that most of them own a majority of their own stock.
additionally, the shareholders have to approve the merger.
25% premium isn't very much premium.
CFA textbooks regarding purchase accounting and M&A activity, not to mention studies I had access to while interning at McKinsey. Don't have the books handy right now.
Unless you are talking private transactions, I have yet to see anything with a premium over 30% and I look quite a bit.
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