Official Press Release: AMD & ATI Merger - A Processing Powerhouse
 

On July 24, 2006, AMD and ATI announced a plan to join forces, in a transaction that will combine AMD’s technology leadership in microprocessors with ATI’s strengths in graphics, chipsets and consumer electronics. The result is a processing powerhouse: a new competitor, better equipped to drive growth, innovation and choice for its customers in commercial and mobile computing segments and in rapidly-growing consumer electronics segments. The transaction, valued at US $5.4 billion, is expected to close in Q4 2006 subject to approval by ATI shareholders, court approval, regulatory approvals and other customary closing conditions.

I bet ATI stock will hit >$20 today from $16 last Friday.

I "bought" 10 stocks from each company in May, look at their current value (powered by finance.google.com)

Ouch $197 thats gotta hurt.

do notice that I say "bought" ;-)