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Official Press Release: AMD & ATI Merger - A Processing Powerhouse
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Old 24th July 2006, 11:09   #1
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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.
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Old 24th July 2006, 13:07   #2
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I bet ATI stock will hit >$20 today from $16 last Friday.
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Old 24th July 2006, 13:30   #3
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I "bought" 10 stocks from each company in May, look at their current value (powered by finance.google.com)
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Old 24th July 2006, 13:43   #4
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Ouch $197 thats gotta hurt.
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Old 24th July 2006, 14:47   #5
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do notice that I say "bought"
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