AMD has lost more than $1.6 billion so far this year, and has just $1.5 billion in cash on hand as it works to pay down $5.3 billion in debt. The financial woes have caused AMD's stock to fall more than 35 percent since the start of the year, a slide that has wiped out nearly $4 billion in shareholder wealth. So AMD will be glad about some financial help from the near east. AMD sells 8.1% Stake to Abu Dhabi. So maybe the shares of AMD will go back up after AMD's stock to fall more than 35 percent since the start of the year.
11/18/2007
Abu Dhabi buys AMD
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2 COMMENTS:
It makes alot of since for them to sell since Intels chips are wau better!!
The blog is informative.
Also i agree with Margret.
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