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RumorTT: AMD is up for sale?

RumorTT: AMD is up for sale?

| Business, Financial & Legal News | Posted: Feb 16, 2011 4:19 am

Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.

 

TweakTown image news/1/8/18898_599_rumortt_amd_is_up_for_sale.jpg

 

That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.

 

It would also piss Intel off quite a bit as Dell is quite a large partner of theirs, but it's a long shot as AMD has $6.5 billion of enterprise value before buyout premiums.

 

Thanks to dukkie for this news!

 

NEWS SOURCES
Fool.com, Atomicmpc.com.au

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