Tuesday, March 5, 2013

AMD Hires J.P. Morgan to "Explore Options," Including an Outright Sale

AMD Headquarters

from chip designer

Advanced Micro Devices (AMD)

increased by more than 18 percent after a report has hired JP Morgan Chase to "explore options", including the direct sale of the company. before panic anyone without a sale is imminent, and it seems that AMD prefers to unload some of its patents to generate much needed money, but at the same time, all options are on the table.

"AMD board and management believe that the strategy of the company has undertaken to strengthen long-term growth by leveraging highly differentiated technology assets AMD is the right approach to improve the value for shareholders, "said a spokesman for AMD

Reuters

surprised by a lower demand than expected, AMD has recently warned investors that its revenue for the third quarter is likely to fall by 10 percent during the quarter, news that sent shares previous society degenerated into a minimum of three years, or a little less than $ 3 per share. Today, it is trading at $ 2.09 per share, an increase of 5 percent since the beginning of the day.


Find best price for : --Morgan--

0 comments:

Blog Archive

Blog Archive

About Me