Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

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