AMD to raise $700 million in share sell

jmke · 16th November 2007, 15:10

CHIP FIRM AMD said in a filing to the SEC that it wants to raise $700 million of shares.The firm's share price was $12.70 when the NYSE closed yesterday.

The filing said that AMD expected Intel to maintain its dominant position in the market place, and it only started shipping its first quad core products during the third quarter.

http://www.theinquirer.net/gb/inquir...-million-share

jmke · 16th November 2007, 15:12

related: http://overclockers.com/tips01247/

Sidney · 16th November 2007, 19:07

Emirates-based firm buys 8.1 percent stake in AMD

Quote:

SUNNYVALE, Calif. - The Abu Dhabi government's investment arm is buying an 8.1 percent stake in No. 2 microprocessor maker Advanced Micro Devices Inc. for $622 million.
A unit of Mubadala Development Co. received 49 million newly-issued AMD shares at Thursday's closing price of $12.70 each, the Sunnyvale-based chip maker said Friday.

AMD received about $608 million, after reimbursing the United Arab Emirates investment firm for approximately $14.6 million in expenses.

AMD said it will use the proceeds for general corporate purposes including investing in research and development, product innovations and manufacturing.

The company said Mubadala will not receive any board representation as part of the non-controlling, minority investment. This transaction isn't therefore subject to review by the Committee on Foreign Investment in the U.S.

AMD shares rose 8 cents to $12.77 in morning trading after rising as high as $13.37 earlier in the session.

http://www.mercurynews.com/business/...nclick_check=1

Sidney · 16th November 2007, 19:11

Cooling AMD CPU with oil.

16th November 2007, 15:10	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	AMD to raise $700 million in share sell CHIP FIRM AMD said in a filing to the SEC that it wants to raise $700 million of shares.The firm's share price was $12.70 when the NYSE closed yesterday. The filing said that AMD expected Intel to maintain its dominant position in the market place, and it only started shipping its first quad core products during the third quarter. http://www.theinquirer.net/gb/inquir...-million-share __________________

16th November 2007, 15:12	#2
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	related: http://overclockers.com/tips01247/ __________________

16th November 2007, 19:11	#4
Sidney Member Join Date: Mar 2004 Posts: 15,738	Cooling AMD CPU with oil. __________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II

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