Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

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