Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 13 March 2013 09:43

AMD flogs HQ to make a quick buck

Written by Nick Farrell



Real Estate better than chips

AMD has confirmed that it is flogging and leasing back its campus in Austin, Texas.

The move will generate $164 million in cash but the question about why it is selling family silver does not look good for those who think the company has a great long term future. Nokia did the same thing last year to raise $220 million and the phone maker and former rubber boot manufacturer is another one which is not doing too well.

Last year Bernstein Research‘s Stacy Rasgon called AMD “un-investable,” following the announcement of its terrible Q3 2012 numbers and the sudden loss of its CFO. Michael Silverman, an AMD spokesperson, told Ars Technica that things were not as bad as all that.

There had been all sorts of good things happening at AMD in the six months including the recently announced Sony Playstation 4 APU semi-custom part win, the Richland mobile APU part and lots of other good announcements. He did not explain why the outfit still had to flog its buildings if life was so great.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments