DailyTech - ATI Shareholders Approve Acquisition by AMD

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IT ATI Shareholders Approve Acquisition by AMD
Marcus Yam (Blog) - October 13, 2006 4:40 PM

14 comment(s) - last by ThisSpaceForRe.. on Oct 14 at 6:46 PM

So it's more official than it was before

ATI Technologies Inc. shareholders voted overwhelmingly today to approve the proposed acquisition of all outstanding common shares of ATI by an indirect, wholly-owned subsidiary of Advanced Micro Devices, Inc. (AMD). More than 99 per cent of the votes cast by shareholders were in favor of the transaction. No ATI shareholders have exercised rights of dissent in connection with the proposed acquisition.

AMD and ATI announced plans to merge back in July, which was pending government and shareholder approval. The Canadian Goverment gave the merger a passing grade through its anti-trust laws and regulations early September.

ATI will seek final court approval for the arrangement at a hearing on October 17, 2006. The transaction is expected to be completed during the week of October 23, 2006.

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TorrenzaIt was a given.

By Bladen on 10/13/2006 11:50:57 PM , Rating: 2

So start rolling out those Torrenza gpu chips, baby!

RE: TorrenzaIt was a given.

By Questar on 10/14/06, Rating: 0

RE: TorrenzaIt was a given.

By sadffffff on 10/14/2006 2:36:54 AM , Rating: 2

they could pack embedded ram onto the die like the xbox 360 so it wouldnt need to use system memory very often, if at all depending on the ammount of e-dram. the 360 uses only 10mb. with that much the 360 is said to do 4x AA on a 1280x1024 image for "free". So pack on 100+ mb and the system memory thing shouldnt be too much of a problem

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RE: TorrenzaIt was a given.

By mforce on 10/14/2006 7:22:59 AM , Rating: 2

The idea of Torenza is not to make the GPU use system memory , that's going to happen only for some versions probably . I sometimes wonder why do people only think of themselves as customers ? There are those who don't need to make the "games fly" beacause they really don't play games on the PC, they work or do multimedia stuff ....
As for the gaming side there's no reason why the video can't have its own fast memory ( on a card or on the MB ) . The torenza link will thus be only to provide the fast access to the CPU which is needed .

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ATI/AMD Prospectus

By Ashburn on 10/14/2006 12:44:01 AM , Rating: 3

I am an ATI stock holder and I voted for the prospectus. If anyone is intersted in the PDF detailing the acquisition I'b be glad to share it. I have not to this date seen it anywhere, just FYI.

Cheers

RE: ATI/AMD Prospectus

By Lonyo on 10/14/2006 2:29:30 AM , Rating: 2

If you're legally allowed to then I'd definitely like to see it.

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RE: ATI/AMD Prospectus

By sadffffff on 10/14/06, Rating: -1

RE: ATI/AMD Prospectus

By sadffffff on 10/14/06, Rating: -1

RE: ATI/AMD Prospectus

By Ashburn on 10/14/2006 3:10:07 AM , Rating: 3

I should of done some digging before I posted. Here is the document straight from the SEC webserver. Enjoy!

Shareholder stuff:
http://www.sec.gov/Archives/edgar/data/1065331/000...

Pospectus (Approved):
http://www.sec.gov/Archives/edgar/data/1065331/000...

Cheers

PS: I voted 'YEA'!

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My prediction

By ksherman on 10/14/2006 12:03:53 AM , Rating: 2

Much in the way that Apple transitioned to Intel far ahead of schedule, I would guess that the transition and merger of the companies and their technologies/road maps will progress ahead of schedule. They both have much to gain from the merger.

And its exciting :-)

Too bad for AMD

By klingon on 10/14/06, Rating: -1

RE: Too bad for AMD

By ComatoseDelirium on 10/14/2006 4:43:21 AM , Rating: 4

That's guesswork. Do you charge for your psychic readings?

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RE: Too bad for AMD

By Spoelie on 10/14/2006 6:32:40 AM , Rating: 4

How can they lose sales they never had? ATi lost those sales, but they were not a part of AMD when they had them, so any sales they do have when they merge, are just added to those of AMD. Revenue estimates will rise, not fall.

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RE: Too bad for AMD

By ThisSpaceForRent on 10/14/2006 6:46:29 PM , Rating: 2

There is some truth to what he is saying. I don't think revenue will drop, after all they will be adding the revenue of AMD and ATI together, but profits may very well drop. That is to be expected from a merger though, teething issues always occur as the two companies try to figure out how to integrate themselves together. I know AMD has stated that they don't intend to lay off any employees, but this is just good PR. There is bound to be overlap in the two organizations. They will inevitable cut the dead weight, but I doubt they'll lose any "talent".

I seriously doubt that Intel will drop ATI chipsets. If the chipset is a hot seller it would be counter-productive for them to drop them, simply because a good chipset helps Intel sell more processors. If I were an exec at Intel I would love to do that to AMD. AMD would be working against themselves, deliciously evil if you ask me.

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