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

AMD is upped after the news

http://finance.google.com/finance?client=ig&q=AMD

Quick way to make a few dollars.

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...