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AMD receives some much needed cash from the Middle East

Things haven't been going AMD's way ever since the acquisition of ATI Technologies in 2006. The company has been assaulted by Intel's Core-based processors in the desktop, server and notebook markets and its graphics offerings still are outgunned by NVIDIA -- even with the newly introduced Radeon HD 3870 and HD 3850.

As a result, the Sunnyvale, California-based company has been taking a beating as most recently observed in its Q3 2007 earnings report. AMD recorded a $226 million USD operating loss and $396 million USD net loss on revenue of $1.632 billion USD. $78 million USD of the loss was attributed to AMD's ATI acquisition.

However, things may finally be looking up for the company. Mubadala Development Company, a United Arab Emirates (UAE) government-funded investment firm based in Abu Dhabi, has acquired an 8.1 percent stake in AMD for $622 million USD. The company received 49 million shares at a price of $12.70. Despite the buy-in, Mubadala will not receive any board representation as a result of the deal.

AMD will receive a total of $608 million USD after repaying Mubadala $14.6 million USD in expenses. AMD plans to use the cash to invest in "research, product innovations and manufacturing excellence." The Business Review reports that some of the funds will be channeled into a $3.2 billion USD chip plant on the Luther Forest Technology Campus in Malta, NY.

"We proudly welcome Mubadala, a world-class investor, to the AMD shareholder family," said AMD Chairman and CEO Hector Ruiz. "This investment strengthens AMD’s ability to deliver customer-centric innovation and choice to the marketplace, creating greater value for all of our shareholders."

For its part, Mubadala's CEO and Managing Director, Khaldoon Khalifa Al Mubarak, added "AMD is a great fit for Mubadala's investment approach -- a spirited competitor and innovator led by a strong and visionary management team. We see significant opportunities for long-term growth and value creation."

Mubadala has been spreading money around quite frequently in recent months. According to Bloomberg, the investment firm captured a 7.5 percent stake ($1.35 billion USD) in the Caryle Group. Some of Mubadala's other investments include Ferrari SpA and SR Technics.

The investment from Mubadala couldn’t have come at a better time for AMD. AMD has faced an incredible amount of debt and not only record losses in Q3 as previously mentioned, but also during Q1 and Q2. The company has also seen the departure of two former ATI executives -- CEO and President David Orton and vice president of worldwide sales Rick Hegberg, as well as executive vice president and chief sales and marketing officer Henri Richard.



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Copy of the contract.
By Mitch101 on 11/16/2007 3:30:47 PM , Rating: 6
Here is a copy of the contract.

REQUEST FOR URGENT BUSINESS RELATIONSHIP

FIRST, I MUST SOLICIT YOUR STRICTEST CONFIDENCE IN THIS TRANSACTION. THIS IS BY VIRTUE OF ITS NATURE AS BEING UTTERLY CONFIDENTIAL AND 'TOP SECRET'. I AM SURE AND HAVE CONFIDENCE OF YOUR ABILITY AND RELIABILITY TO PROSECUTE A TRANSACTION OF THIS GREAT MAGNITUDE INVOLVING A PENDING TRANSACTION REQUIRING MAXIIMUM CONFIDENCE.

WE ARE TOP OFFICIAL OF THE FEDERAL GOVERNMENT CONTRACT REVIEW PANEL WHO ARE INTERESTED IN IMPORATION OF GOODS INTO OUR COUNTRY WITH FUNDS WHICH ARE PRESENTLY TRAPPED IN NIGERIA. IN ORDER TO COMMENCE THIS BUSINESS WE SOLICIT YOUR ASSISTANCE TO ENABLE US TRANSFER INTO YOUR ACCOUNT THE SAID TRAPPED FUNDS.

THE SOURCE OF THIS FUND IS AS FOLLOWS; DURING THE LAST MILITARY REGIME HERE IN NIGERIA, THE GOVERNMENT OFFICIALS SET UP COMPANIES AND AWARDED THEMSELVES CONTRACTS WHICH WERE GROSSLY OVER-INVOICED IN VARIOUS MINISTRIES. THE PRESENT CIVILIAN GOVERNMENT SET UP A CONTRACT REVIEW PANEL AND WE HAVE IDENTIFIED A LOT OF INFLATED CONTRACT FUNDS WHICH ARE PRESENTLY FLOATING IN THE CENTRAL BANK OF NIGERIA READY FOR PAYMENT.

HOWEVER, BY VIRTUE OF OUR POSITION AS CIVIL SERVANTS AND MEMBERS OF THIS PANEL, WE CANNOT ACQUIRE THIS MONEY IN OUR NAMES. I HAVE THEREFORE, BEEN DELEGATED AS A MATTER OF TRUST BY MY COLLEAGUES OF THE PANEL TO LOOK FOR AN OVERSEAS PARTNER INTO WHOSE ACCOUNT WE WOULD TRANSFER THE SUM OF US$21,320,000.00(TWENTY ONE MILLION, THREE HUNDRED AND TWENTY THOUSAND U.S DOLLARS). HENCE WE ARE WRITING YOU THIS LETTER. WE HAVE AGREED TO SHARE THE MONEY THUS; 1. 20% FOR THE ACCOUNT OWNER 2. 70% FOR US (THE OFFICIALS) 3. 10% TO BE USED IN SETTLING TAXATION AND ALL LOCAL AND FOREIGN EXPENSES. IT IS FROM THE 70% THAT WE WISH TO COMMENCE THE IMPORTATION BUSINESS.

PLEASE,NOTE THAT THIS TRANSACTION IS 100% SAFE AND WE HOPE TO COMMENCE THE TRANSFER LATEST SEVEN (7) BANKING DAYS FROM THE DATE OF THE RECEIPT OF THE FOLLOWING INFORMATIOM BY TEL/FAX; 234-1-XXXXXXX, YOUR COMPANY'S SIGNED, AND STAMPED LETTERHEAD PAPER THE ABOVE INFORMATION WILL ENABLE US WRITE LETTERS OF CLAIM AND JOB DESCRIPTION RESPECTIVELY. THIS WAY WE WILL USE YOUR COMPANY'S NAME TO APPLY FOR PAYMENT AND <NOBR>RE-AWARD</NOBR> THE CONTRACT IN YOUR COMPANY'S NAME.

WE ARE LOOKING FORWARD TO DOING THIS BUSINESS WITH YOU AND SOLICIT YOUR CONFIDENTIALITY IN THIS TRANSATION. PLEASE ACKNOWLEDGE THE RECEIPT OF THIS LETTER USING THE ABOVE TEL/FAX NUMBERS. I WILL SEND YOU DETAILED INFORMATION OF THIS PENDING PROJECT WHEN I HAVE HEARD FROM YOU.

YOURS FAITHFULLY,
DR CLEMENT OKON
NOTE; PLEASE QUOTE THIS REFERENCE NUMBER (VE/S/09/99) IN ALL YOUR RESPONSES.




RE: Copy of the contract.
By FITCamaro on 11/16/07, Rating: 0
RE: Copy of the contract.
By 440sixpack on 11/16/2007 9:45:47 PM , Rating: 2
Even better - should have strategically cut and pasted various names and facts that would apply to AMD.


RE: Copy of the contract.
By Screwballl on 11/17/2007 3:20:29 PM , Rating: 3
Hows this (I kept the same misspelled words for the effect):

REQUEST FOR URGENT BUSINESS RELATIONSHIP

FIRST, I MUST SOLICIT YOUR STRICTEST CONFIDENCE IN THIS TRANSACTION. THIS IS BY VIRTUE OF ITS NATURE AS BEING UTTERLY CONFIDENTIAL AND 'TOP SECRET'. I AM SURE AND HAVE CONFIDENCE OF YOUR ABILITY AND RELIABILITY TO PROSECUTE A TRANSACTION OF THIS GREAT MAGNITUDE INVOLVING A PENDING TRANSACTION REQUIRING MAXIIMUM CONFIDENCE.

WE ARE TOP OFFICIAL OF THE FEDERAL UAE GOVERNMENT CONTRACT REVIEW PANEL WHO ARE INTERESTED IN IMPORATION OF GOODS INTO OUR COUNTRY WITH FUNDS WHICH ARE PRESENTLY TRAPPED IN YEMEN. IN ORDER TO COMMENCE THIS BUSINESS WE SOLICIT YOUR ASSISTANCE TO ENABLE US TRANSFER INTO YOUR ACCOUNT THE SAID TRAPPED FUNDS.

THE SOURCE OF THIS FUND IS AS FOLLOWS; DURING THE LAST MILITARY REGIME HERE IN YEMEN, THE GOVERNMENT OFFICIALS SET UP COMPANIES AND AWARDED THEMSELVES CONTRACTS WHICH WERE GROSSLY OVER-INVOICED IN VARIOUS MINISTRIES. THE PRESENT CIVILIAN GOVERNMENT SET UP A CONTRACT REVIEW PANEL AND WE HAVE IDENTIFIED A LOT OF INFLATED CONTRACT FUNDS WHICH ARE PRESENTLY FLOATING IN THE CENTRAL BANK OF YEMEN READY FOR PAYMENT.

HOWEVER, BY VIRTUE OF OUR POSITION AS CIVIL SERVANTS AND MEMBERS OF THIS PANEL, WE CANNOT ACQUIRE THIS MONEY IN OUR NAMES. I HAVE THEREFORE, BEEN DELEGATED AS A MATTER OF TRUST BY MY COLLEAGUES OF THE PANEL TO LOOK FOR AN OVERSEAS PARTNER INTO WHOSE ACCOUNT WE WOULD TRANSFER THE SUM OF US$622,000,000.00 (SIX HUNDRED TWENTY TWO MILLION U.S DOLLARS). HENCE WE ARE WRITING YOU THIS LETTER. WE HAVE AGREED TO SHARE THE MONEY THUS; 1. 20% FOR THE ACCOUNT OWNER 2. 70% FOR US (THE OFFICIALS) 3. US$14.6 MILLION TO BE USED IN SETTLING TAXATION AND ALL LOCAL AND FOREIGN EXPENSES. IT IS FROM THE 70% THAT WE WISH TO COMMENCE THE IMPORTATION BUSINESS.

PLEASE,NOTE THAT THIS TRANSACTION IS 100% SAFE AND WE HOPE TO COMMENCE THE TRANSFER LATEST SEVEN (7) BANKING DAYS FROM THE DATE OF THE RECEIPT OF THE FOLLOWING INFORMATIOM BY TEL/FAX; 234-1-XXXXXXX, YOUR COMPANY'S SIGNED, AND STAMPED LETTERHEAD PAPER THE ABOVE INFORMATION WILL ENABLE US WRITE LETTERS OF CLAIM AND JOB DESCRIPTION RESPECTIVELY. THIS WAY WE WILL USE YOUR COMPANY'S NAME TO APPLY FOR PAYMENT AND RE-AWARD THE CONTRACT IN YOUR COMPANY'S NAME.

WE ARE LOOKING FORWARD TO DOING THIS BUSINESS WITH YOU AND SOLICIT YOUR CONFIDENTIALITY IN THIS TRANSACTION. PLEASE ACKNOWLEDGE THE RECEIPT OF THIS LETTER USING THE ABOVE TEL/FAX NUMBERS. I WILL SEND YOU DETAILED INFORMATION OF THIS PENDING PROJECT WHEN I HAVE HEARD FROM YOU.

YOURS FAITHFULLY,
Khaldoon Khalifa Al Mubarak
NOTE; PLEASE QUOTE THIS REFERENCE NUMBER (VE/S/AMD/8.1) IN ALL YOUR RESPONSES.


RE: Copy of the contract.
By Ringold on 11/16/2007 3:36:12 PM , Rating: 1
If these people really write in all caps, they should be shot. IMHO.


RE: Copy of the contract.
By Ringold on 11/16/2007 3:37:57 PM , Rating: 2
I only read the first paragraph at first, scrolled by again, saw Nigeria..

Now I get it. Nevermind. :P


RE: Copy of the contract.
By TomZ on 11/16/2007 3:39:00 PM , Rating: 2
Yes, you're right; they should be shot. :o)


RE: Copy of the contract.
By crystal clear on 11/17/07, Rating: -1
RE: Copy of the contract.
By Proteusza on 11/17/2007 10:13:08 AM , Rating: 2
Hey I got the same email, I sent him $5000 to cover legal costs, still havent received the money yet though.

Cant wait for my $25 million, its gonna be sweet. I get a few of these every day, I cant believe there are so many nice people wanting to share their money. Breaks my heart to read their stories.

Jokes, I'd love to scam the scammers one day though.


RE: Copy of the contract.
By Screwballl on 11/17/2007 2:27:18 PM , Rating: 4
take a look at this site: http://www.419eater.com/


RE: Copy of the contract.
By Mitch101 on 11/17/2007 3:43:37 PM , Rating: 3
The 3rd Annual Nigerian EMail Conference

http://j-walk.com/other/conf/


RE: Copy of the contract.
By BigRadi0Head on 11/16/2007 5:38:21 PM , Rating: 2
wow, i thought i'm the only one who gets spam emails like this one from NIGERIA


RE: Copy of the contract.
By AntiV6 on 11/16/2007 6:19:40 PM , Rating: 3
Crap!

I thought I was the only one who was got this amazing deal. :(


RE: Copy of the contract.
By Treckin on 11/16/2007 6:42:54 PM , Rating: 2
LOL I got a better one... here Ill paste it!

From: Missmilan
Abidjan Cote d'ivoire
West Africa .
Introduction

My Dear,

Please do reply me through my private mail box above and also send me your direct E-mail to reach you .

It is my pleasure to contact you for a business venture which I intend to establish in your country. Though I have not met with you before but I believe, one has to risk confiding in succeed sometimes in life. There is this huge amount of eight million U.S dollars($8,000,000.00) which my late Father kept for me with a Fiduciary Fund Holder in Abidjan before he was assasinated by the Rebels persons during this war in Cote d'ivoire.

Now I have decided to invest these money in your country or anywhere safe enough outside Africa for security and political reasons. I want you to help me claim and retrieve this fund from the Fiduciary Fund Holders and transfer it into your personal account in your country for investment purposes on these areas:

1) Telecommunication
2) The Transport Industry
3) Five Star Hotel
4) Real Estate Management

If you can be of an assistance to me I will be pleased to offer to you 15% of the total fund for your assistance to me.

I await your soonest response.

Respectfully yours,
Missmilan


RE: Copy of the contract.
By adam92682 on 11/16/2007 7:28:42 PM , Rating: 2
DEAR FRIEND,

IT IS WITH TRUST AND CONFIDENCE THAT I WRITE TO MAKE THIS URGENT BUSINESS PROPOSAL TO YOU.

I WAS ASSIGNED BY TWO OF MY COLLEAGUE TO SEEK FOR A FOREIGN PARTNER WHO WILL ASSIST US IN PROVIDING A CONVENIENT FOREIGN ACCOUNT IN ANY DESIGNATED BANK ABROAD FOR THE TRANSFER OF US$27,500,000.00 (TWENTY-SEVEN MILLION US.
DOLLARS ONLY) PENDING ON OUR ARRIVAL IN YOUR COUNTRY FOR UTILIZATION AND DISBURSEMENT WITH THE OWNER OF THE ACCOUNT.

THIS AMOUNT RESULTS FROM A DELIBERATE INFLATION OF THE VALUE OF A CONTRACT AWARDED BY OUR MINISTRY - THE FEDERAL MINISTRY OF AGRICULTURE (FMA) TO AN EXPATRIATE COMPANY. THE CONTRACT HAS BEEN EXECUTED AND PAYMENT MADE TO THE ORIGINAL CONTRACTOR, REMAINING THE OVER-INVOICED AMOUNT OF US$27.5 MILLION, WHICH WE WANT TO TRANSFER OUT OF THE COUNTRY IN OUR FAVOUR FOR DISBURSEMENT AMONG OURSELVES. THE TRANSFER OF THIS MONEY CAN ONLY BE POSSIBLE WITH THE HELP OF A FOREIGNER WHO WILL BE PRESENTED AS THE BENEFICIARY OF THE FUND.

AS GOVERNMENT OFFICIALS, WE ARE NOT ALLOWED TO OPERATE FOREIGN ACCOUNTS, AND THIS IS THE REASON WHY WE DECIDED TO CONTACT YOU. WE HAVE AGREED THAT IF YOU/YOUR COMPANY CAN ACT AS THE BENEFICIARY OF THIS FUND (US$27.5 MILLION).20% OF THE TOTAL SUM WILL BE FOR YOU FOR PROVIDING THE ACCOUNT WHILE 5% WILL BE SET ASIDE FOR THE EXPENSES INCURRED DURING THE COST OF TRANSFER OF THE FUND INTO YOUR ACCOUNT WHILE 75% WILL BE RESERVED FOR US.

WE HEREBY SOLICT FOR YOUR ASSISTANCE IN PROVIDING A CONVENIENT ACCOUNT NUMBER IN A DESIGNATED BANK ABROAD WHERE THIS FUND WOULD BE TRANSFERRED. WE INTEND COMING OVER THERE ON THE COMPLETION OF THIS TRANSFER TO SECURE OUR OWN SHARE OF THE MONEY.

PLEASE NOTE THAT WE HAVE BEEN CAREFUL AND HAVE MADE ALL ARRANGEMENTS TOWARDS THE SUCCESS AND SMOOTH TRANSFER OF THE FUND TO YOUR ACCCOUNT BEFORE ONTACTING YOU. FOR SECURITY REASONS AND CONFIDENCIALITY OF THIS TRANSACTION, WE DEMAND THAT YOU SHOULD NOT EXPOSE THIS PROPOSAL AND THE ENTIRE TRANSACTION TO ANYBODY.

WE ARE PUTTING SO MUCH TRUST IN YOU WITH THE HOPE THAT YOU WOULD NOT BETRAY US. OR SIT ON THIS MONEY WHEN IT IS FINALLY TRANSFERRED INTO YOUR ACCOUNT.BE REST ASSURED THAT THIS TRANSACTION IS 100% RISK FREE. IF THIS PROPOSAL IS ACCEPTABLE TO YOU,INDICATE YOUR INTEREST BY SENDING A FAX TO US INCLUDING YOUR BANK NAME & ADDRESS, ACCOUNT NUMBER, TELEPHONE AND FAX NUMBERS.

NOTE:OUR FORMER PRESIDENT OLUSEGUN AREMU OBASANJO COLLABORATED WITH PRESIDENT W. BUSH OF UNITED STATES OF AMERICA TO STOP THE JUNIOR RANKS OFFICERS FROM TRANSFERRING FUNDS OUT OF THE COUNTRY. HE SENT DIFFERENT PUBLICATION TO MANY COUNTRIES IN THE WORLD AS PROPAGANDA TO DISCOURAGE ALL GOVERNMENT OFFICIALS FROM TRANSFERRING FUNDS INTO AN OVERSEAS ACCOUNT TO AVOID AND SAVE GUIDES THE COUNTRIES ECONOMY.

APPARENTLY, SO THAT OTHER GOVERNMENT OFFICIALS WILL NOT BENEFITS FROM THESE OIL WINDFALLS {VENTURE} WHERE HE HAS BEEN A CULPRIT ALONE WITH HIS AIDES.

MORE DETAILS ABOUT THIS TRANSACTION WILL BE GIVEN TO YOU AS SOON AS WE RECEIVE YOUR POSITIVE RESPOND.

CONFIDENTIAL BUSINESS PROPOSAL, NOTE THAT THE PARTICULAR NATURE OF YOUR COMPANY'S BUSINESS IS IRRELEVANT TO THIS TRANSACTION. IF THIS TRANSACTION INTERESTS YOU, YOUR URGENT RESPONSE WILL BE APPRECIATED.

YOURS FAITHFULLY,

DR.IFEDIORAH A.RICHARD
EMAIL:drrichardifediora56@yahoo.com.hk


RE: Copy of the contract.
By lobadobadingdong on 11/16/2007 10:55:28 PM , Rating: 2
Worthy of the magic 6 rating imo.


RE: Copy of the contract.
By m0mentary on 11/16/2007 11:53:01 PM , Rating: 2
haha, best first comment ever


Arab government???
By knowom on 11/16/2007 3:51:19 PM , Rating: 1
Gee can't wait for those new oil powered cpus! Think I'll stick to Intel for awhile besides it's better anyway and I'm not a fanboy I'm just practical my last cpu was a AMD. Intel pretty much has me and a million others by the balls as it is who's gonna pass up going from a dual core to quad core from a mere single chip upgrade.




RE: Arab government???
By sj420 on 11/16/07, Rating: -1
RE: Arab government???
By overzealot on 11/18/2007 8:47:20 AM , Rating: 2
quote:
The people that know that quad-core isn't going to be used for a few years (try 3-6 years, maybe even 8.

What about the people who are using their quad-core quite efficiently now? Video encoding/decoding, a few games (ET:QW, Supreme Commander, Solitaire - just kidding), or people that just run a lot of crap all the time benefit from the extra 2 cores.

Just because you wouldn't find it useful, doesn't mean no-one will. Personally I think the Q6600 is great step-up for people with 1066FSB rated mobos.


RE: Arab government???
By Hawkido on 11/16/2007 5:32:25 PM , Rating: 5
AMD's new product line-up:
Strap-on CPU vests
Improvised Electronic Devices (IEDs)
and the return of the Allah-in-One Video Cards


RE: Arab government???
By Treckin on 11/16/2007 6:46:22 PM , Rating: 2
hahaha! That needs a +6...

Where Kris when you need him?


RE: Arab government???
By KristopherKubicki (blog) on 11/16/2007 6:55:49 PM , Rating: 4
LOL well -- the UAE is extremely progressive for that area. Not to mention fairly pro-America too. The OP gets points for creativity, but just missed the mark a little :)


RE: Arab government???
By FangedRabbit on 11/18/2007 1:44:12 PM , Rating: 2
OMG, the Allah-in-one video cards killed me. +6


Letter from Hector to the Arabs
By artbronze on 11/16/2007 8:08:25 PM , Rating: 3
Dear Mr Arab invester,
My name is Hector Ruiz, I am in charge of a big company and do I have a deal for you. Lately there is this big dude up the street that has been beating me up, picking me up by my feet and all of my money falls out onto the ground. The guy who is way bigger than me keeps on doing this no matter what I do. Last night I knew he was going to be at the end of the block when I got there so I brought a big stick I
knicknamed Barcelona with me. That big bad guy grabbed the stick right out of my hand and broke it over his knee. I was mortified and froze in horror when this happened and he grabbed me again and shook the change right out of my pockets. Hector, I thought to myself you have got to do better than that so I went to the bank and took out every cent I had left and bought a big aluminum bat called the ati. It was a mean looking thing with spikes sticking out of it. I didnt spend all the money though and had enough left over to buy myself some ice cream. On the way to the ice cream parlor that big guy was waiting for me again, I yelled at the guy to stay back, I had a secret weapon to destroy him if he got too close. I showed him my radeon bat and he just laughed, dropped his drawers and blew a fart in my dirction. It was a stinky one too and the ati radeon bat melted right out of my hands. I was really disapointed when the big ugly guy again picked me up by the feet and took out all my ice cream money. Well heres the deal Mr Arab investor, If you will give me 600 million bucks heres what I will do with it. First I will give myself a big raise so I can buy my wife something nice so she will stop whooping my butt after the big guy down the street takes my money. Then I will buy all the guys at the fab some ice cream because its damn hot in there and they have had a bad attitude these days when they think they will be working for the Taiwonese soon. Then I will take the rest of the money go down to the street and try to sneak past that big guy and put it in the bank.




By crystal clear on 11/17/2007 5:28:52 AM , Rating: 1
Wow thats funny !


By crystal clear on 11/17/2007 10:59:07 AM , Rating: 1
Word of the day

My name is Hector Ruiz............

Did you know whats Hector as per the dictionary below-

hector \HEK-tur\, noun:
1. A bully.

transitive verb:
1. To intimidate or harass in a blustering way; to bully.

intransitive verb:
1. To play the bully; to bluster.


hec·tored, hec·tor·ing, hec·tors .......

You make him look the hectored


The battle for AMD takeover.
By crystal clear on 11/17/2007 4:00:58 AM , Rating: 5
The article fails to quote the following-

This is a non-controlling, minority investment. Mubadala will not receive any board representation as part of the deal. This transaction does not present a controlling investment or acquisition subject to review by the Committee on Foreign Investment in the U.S. (CFIUS).


http://www.amd.com/us-en/Corporate/VirtualPressRoo...

There was another AMD press release earlier -

AMD Recommends Rejection of Below-Market “Mini-Tender” Offer from TRC Capital Corporation

TRC Capital has a history of making “mini-tender” offers for the shares of other companies for its profit. These offers are devised to seek less than 5 percent of a company's outstanding shares, thereby avoiding many procedural and disclosure requirements of the Securities and Exchange Commission (“SEC”) because they are below the SEC's threshold to provide such disclosure and procedural protections for investors.


http://www.amd.com/us-en/Corporate/VirtualPressRoo...

Now just to remind you of-

Advanced Micro Devices, Inc. Closes $1.5 Billion Offering of 5.75% Convertible Senior Notes due 2012

Advanced Micro Devices, Inc. Closes $2.2 Billion Offering of Convertible Senior Notes due 2015

Advanced Micro Devices, Inc. to Offer $1.8 Billion of Convertible Senior Notes



This transaction (Mubadala) results in a drastic increase of the potential dilution to AMD’s common stockholders.

The future of AMD under Hector RUIZ leadership is gloomy-

I would describe him as-

a hybrid between a dancer and a calculator."

I am sure he says to himself-

"I like the dream of the future better than the history of the past."(yr 2007)


But I would say to him-

"The path to oblivion often goes through a triumphal arch."




They probably took an 8% stake to..
By Floorbit on 11/16/2007 7:30:34 PM , Rating: 2
secure their position in Total War.




Terminology
By MC17 on 11/17/2007 1:27:54 AM , Rating: 2
If the Abu Dhabi Firm is owned by the government in its entirety, it seems misleading to call it merely an Abu Dhabi firm. The title, and subsequent discourse, really should read "United Arab Emirates Takes 8.1% Stake in AMD," so people realize the implications at first glance.




By crystal clear on 11/17/2007 5:21:06 AM , Rating: 2
AMD has borrowed heavily in the market !

1) Does AMD has the funds(revenues/sales/profit margins on CPUs) to pay back these debts ? (mentioned above).

No it does NOT have the ability to do so.

2) Does AMD have any other options besides selling additional shares & how much can you.

Its like pouring water in a bucket with a hole in it.-

There is a hole in the bucket dear Hector dear Hector dear Hector.....

If their R&D saved them by getting out Barcelona & Phenom,sadly their manufacturing has failed them due to its inability to supply the market with enough CPUs to generate those huge sales revenues.

If thats not enough those prices wars have left NO PROFIT margins on their CPUs.
I will not be surprised if it is revealed that AMD is selling at a LOSS or below COST.

To add to all the above facts-

Intel has already switched to 45nm manufacturing,enabling lower its cost & prices & increasing its profit margins + sales.

They have 12 new quad-core chips boast clock speeds ranging from 2GHz up to 3.20GHz, with front side bus speeds (FSB) up to 1600MHz, and cache sizes of 12MB. The three new dual-core chips feature clock speeds of up to 3.40GHz, an FSB of up to 1600MHz, and cache sizes of 6MB.

By the 2Q 2008 they will have all their CPUs on 45nm,whilst 65nm CPUs will be discontued.

They have already started sending out notices to their dealer about this,
Product Change Notification

Change Notification #: 108081 - 00

Change Title: Intel® Core™2 Extreme Processor X6800

and Intel® Core™2 Duo Processors E6700,

E6600, E6420, E6320 and E6300, PCN

108081-00, Product Discontinuance, Tray and
Boxed Product Discontinuance

AMD move from 65nm to 45nm will be only in 4Q 08 at the earliest if not 1Q 2009

AMD does not deliver on time is a reputation it earned in 2007.

I really wonder how those shareholders dont realize this.




By sprockkets on 11/16/2007 3:26:49 PM , Rating: 2
When the CPU+GPU makes or breaks AMD, then we will cast judgment on their merger. If this was not a good direction to go, Intel would not be doing it. Due to Intel's resources though, they will probably beat AMD timewise and performance wise.

Oh well.


By FITCamaro on 11/16/2007 3:41:58 PM , Rating: 4
It wasn't just for that. The main reason was because they needed a complete solution to get into the OEM space more. AMD relied on chipsets from third parties for far too long. OEMs want a tried, tested, and true solution. With their acquisition of ATI, AMD got that.

And it has paid off. They are now a much wider partner in the OEM space than ever before. AMD's biggest problem as been price wars with Intel. It's been great for us consumers but hell on them. I mean you can buy a dual core processor now for less money than a good air cooler. And which do you think costs more to produce?

AMD will hopefully eventually come back. Their chips though are still an incredible value. I built a system for my parents recently at an incredibly low cost. I paid $125 for my 3800+ back in like June. I got them a 4200+ for like $70-75.


By theapparition on 11/18/2007 12:52:24 PM , Rating: 3
quote:
I mean you can buy a dual core processor now for less money than a good air cooler. And which do you think costs more to produce?

LOL, actually, the air cooler costs far more to make than the processor.

But it doesn't take billions of R&D and fab costs to make aluminum extrusions and plastic fans. Just some more useless information for nobody to do anything with. :P


By Zurtex on 11/16/2007 3:35:14 PM , Rating: 3
I'd have to disagree with that whole-heartedly.

I think acquisition of ATi was more than risky, I think it also could blow up in their face in 2 - 3 years if they haven't produced anything. But I also think that if everything goes how they vision the best case scenario to be, they will become no.1 for performance for chips in laptop, desktop and server based situations thanks to buying ATi.

As for losing business focus, where, how and when? It's not like AMD ever really advertised much in the first place, so they've not changed their. They've kept their chips enormously competitive in price, I've built way more AMD based computers for people since Core2 came out than before it (because suddenly you can have quite powerful £400 computers).

Everyone else is still years behind nvidia and ATi in their ability to produce stream processors that deliver much higher performance values in specific applications than sequential processors at the same cost.

Investing in AMD could work out well or it could be a complete waste of money. AMD have so much growth potential over the next 5 years it's scary, then again they could just fade against the power of Intel, hmmm :-/.


By Amiga500 on 11/17/2007 3:18:54 PM , Rating: 2
I think acquisition of ATi was more than risky, I think it also could blow up in their face in 2 - 3 years if they haven't produced anything. But I also think that if everything goes how they vision the best case scenario to be, they will become no.1 for performance for chips in laptop, desktop and server based situations thanks to buying ATi.

Absolutely right.

Its a longer term thing - I think the question really is, do they have enough cash over the next 2/3 years to fund the R&D and achieve their potential?


By Vanilla Thunder on 11/16/2007 3:35:19 PM , Rating: 3
I personally think that it was a good move for AMD to acquire ATI. It has been slow going, and in the present may not seem like it's paying off. However, when we hit the Fusion platform on the roadmap, and start seing GPU's on the CPU, people will start to realize that AMD needed to move beyond the CPU battle. I think this is forward thinking on the part of AMD, and I hope it pays off.

V.


By Ringold on 11/16/2007 3:40:32 PM , Rating: 2
I think they'll do alright. For whatever it's worth, I said several moons ago this sort of thing would happen to begin the process of bailing them out. I still look to see them completely bought out at some point for massive reorganization. They just don't have the resources to compete against the Intel dragon which they pissed off with the Athlon64.

Not that I'd buy stock on that idea, but I think it'll happen.


By bryanW1995 on 11/16/2007 6:02:00 PM , Rating: 2
go read anand's blog and his articles on 38x0. ati just went from the anchor to the motor.


By boredg on 11/16/2007 6:12:45 PM , Rating: 2
Im not so sure how this will turn out, but AMD needs the money, and im sure they're happy to get it. Ive lived in Abu Dhabi in the past, and 'mubadala' isnt a very large company compared to some others in the region like the 'Al Futtaim' group which holds large stakes in a lot of different industries in the area.


By KristopherKubicki (blog) on 11/16/2007 6:57:18 PM , Rating: 2
Pricing on the 3870 and 3850 are really good -- I really think they did a good job there. Newegg went out of stock in less than a day.


By Parhel on 11/17/2007 1:30:07 AM , Rating: 2
I'm not at all disappointed with this release, which is a first for any product from ATI or AMD since the merger. In fact, I'll most likely be looking to buy one or the other early next year. After this release, I'm hopeful again that they are going to turn things around.


By clnee55 on 11/17/2007 7:03:18 PM , Rating: 2
ALways hope. Sounds like comunism. ALways hope for a brighter future.

quote:
I'm hopeful again that they are going to turn things around.


By crystal clear on 11/18/2007 12:05:37 AM , Rating: 2
Depends ! on what quantities they recvd.


Not Going To Make It
By jdun on 11/16/07, Rating: -1
A jihad on Intel and nVidia
By bigboxes on 11/16/07, Rating: -1
RE: A jihad on Intel and nVidia
By Ringold on 11/16/07, Rating: -1
RE: A jihad on Intel and nVidia
By johnsonx on 11/17/07, Rating: -1
RE: A jihad on Intel and nVidia
By BigRadi0Head on 11/16/07, Rating: -1
"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke














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