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Strapped AMD to raise $1.8 billion
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Strapped AMD to raise $1.8 billion
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24th April 2007, 17:05
| #1 |
| Member  Join Date: Mar 2004
Posts: 15,738
 |  Strapped AMD to raise $1.8 billion Advanced Micro Devices said Monday it would raise $1.8 billion in convertible debt, bringing relief to a company in danger of running short of cash by year's end. The struggling chip maker, which is locked in a fierce chip price war with rival Intel, said the money would provide working capital and pay off debt, including $500 million of a $2.5 billion loan it took out to buy graphics chip maker ATI Technologies in October. http://www.mercurynews.com/business/ci_5737791
__________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II |
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24th April 2007, 19:42
| #2 |
| Member Join Date: Mar 2004
Posts: 15,738
| AMD is upped after the news http://finance.google.com/finance?client=ig&q=AMD Quick way to make a few dollars.
__________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II |
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25th April 2007, 00:03
| #3 |
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Posts: n/a
| I'm still waiting to see further news regarding AMD's already announced plan back in March on a proposed vote for their shareholders (~May 15th) on doubling their current ~$750 million stock portfolio to $1.5b by issuing new stock. That one seems to have slipped under the doormat, interestingly... |
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