Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

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

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments