AMD to buy ATI

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AMD to buy ATI

Postby roadrunner » Fri Jul 21, 2006 6:55 pm

Reuters
AMD said near deal to buy ATI
Friday July 21, 6:23 pm ET

PHILADELPHIA (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - News), the No. 2 supplier of computer processors, is close to a deal to buy graphics chip maker ATI Technologies Inc. (NASDAQ:ATYT - News; TSX:ATY.TO - News) for $5.5 billion, a source familiar with the situation said on Friday.
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Postby redwarrior666 » Sun Jul 23, 2006 10:13 am

I think this is a smart move for amd.
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Postby Rangerr » Sun Jul 23, 2006 10:22 am

Agreed. Wall Street dislikes AMD to a point of complete bias for Intel. And now that Intel is going to release something worth having, AMD stock is getting pounded worse than normal. AMD needs to stretch out in order to diversify a little and hopefully that will ease some on the pressure being placed by Intel finally releasing a good product.
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Postby jediknight » Sun Jul 23, 2006 2:54 pm

AMD need's all the profit she can get. up untill recently from what i undertsande AMD was barely in the pink for last 10 years.
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Re: AMD to buy ATI

Postby Socco » Mon Jul 24, 2006 4:02 pm

RoadRunner wrote:Reuters
AMD said near deal to buy ATI
Friday July 21, 6:23 pm ET

PHILADELPHIA (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - News), the No. 2 supplier of computer processors, is close to a deal to buy graphics chip maker ATI Technologies Inc. (NASDAQ:ATYT - News; TSX:ATY.TO - News) for $5.5 billion, a source familiar with the situation said on Friday.


Looks like the rumors were true...

AMD and ATI to Create Processing Powerhouse

Intel pulls ATI chipset license
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