lordpope said:Well all the rumours are true.
The INQ was dead right. this time.
This is huge.... Baron's nightmare is a reality...Intels nightmare is reality.[/list]
http://www.theinquirer.net/default.aspx?article=33223
Well, I don't if it's good for AMD or ATI or for both of the company. I guess AMD won't be able to take Intel to court for reasons of monopolizing the market.
So does that make Intel and Nvidia become a partner one day?
Well all the rumours are true.
The INQ was dead right. this time.
This is huge.... Baron's nightmare is a reality...Intels nightmare is reality.[/list]
http://www.theinquirer.net/default.aspx?article=33223
AMD CONFIRMED its acquisition of ATI this morning, three days after the >
While we doubted the chip-maker could afford to buy out the Canadian graphics chip firm, it turns out CEO Hector Ruiz went cap in hand to his bankers and borrowed a cool $2.5 billion.
Ruiz crowed the deal would "reinvent our industry," as he appeared in New York with ATI CEO Dave Orton. At 4.30AM? No wonder Dave Orton looks a bit tired.
AMD agreed to acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21, 2006.
The total comes to $5.4 billion.
AMD said the deal was 'unanimously approved' by the board of directors of each company, but it is still subject to ATI shareholder approval.
AMD said it had obtained a $2.5 billion term loan commitment from Morgan Stanley Senior Funding, Inc. to help it finance the deal which has captured the imagination of industry-watchers everywhere.
Crowed Hector: "Bringing these two great companies together will allow us to transcend what we have accomplished as individual businesses and reinvent our industry as the technology leader and partner of choice. We believe AMD and ATI will drive growth and innovation for the entire industry, enabling our partners to create differentiated solutions and empowering our customers to choose what is best for them."
Dave Orton, President and CEO of ATI claimed all of the companies' product lines would benefit. "Joining with AMD will enable us to innovate aggressively on the PC platform, and continue to invest significantly in our consumer business to stay in front of our markets," he reckoned
Orton will join AMD as an executive vice president of the ATI business division, reporting to the AMD office of the CEO, comprising Ruiz and president and chief operating officer Dirk Meyer.
But hundreds of other employees will lose their jobs as the new giant seeks to cut operating expenses by around $75 million by the end of 2007.
The combination of AMD's processor expertise with ATI's 'strengths' in graphics, chipsets and consumer electronics, would result in a "new and more formidable company," the pair claim.
The combined company would have achieved approximately $7.3 billion in total consolidated sales during the last four quarters with a workforce of approximately 15,000 employees, according to the joint statement today.
ATI will pay AMD a termination fee of $162 million should the deal yet founder. The transaction is expected to be completed in the fourth quarter of 2006. µ
Well all the rumours are true.
The INQ was dead right. this time.
This is huge.... Baron's nightmare is a reality...Intels nightmare is reality.[/list]
http://www.theinquirer.net/default.aspx?article=33223
AMD CONFIRMED its acquisition of ATI this morning, three days after the >
While we doubted the chip-maker could afford to buy out the Canadian graphics chip firm, it turns out CEO Hector Ruiz went cap in hand to his bankers and borrowed a cool $2.5 billion.
Ruiz crowed the deal would "reinvent our industry," as he appeared in New York with ATI CEO Dave Orton. At 4.30AM? No wonder Dave Orton looks a bit tired.
AMD agreed to acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21, 2006.
The total comes to $5.4 billion.
AMD said the deal was 'unanimously approved' by the board of directors of each company, but it is still subject to ATI shareholder approval.
AMD said it had obtained a $2.5 billion term loan commitment from Morgan Stanley Senior Funding, Inc. to help it finance the deal which has captured the imagination of industry-watchers everywhere.
Crowed Hector: "Bringing these two great companies together will allow us to transcend what we have accomplished as individual businesses and reinvent our industry as the technology leader and partner of choice. We believe AMD and ATI will drive growth and innovation for the entire industry, enabling our partners to create differentiated solutions and empowering our customers to choose what is best for them."
Dave Orton, President and CEO of ATI claimed all of the companies' product lines would benefit. "Joining with AMD will enable us to innovate aggressively on the PC platform, and continue to invest significantly in our consumer business to stay in front of our markets," he reckoned
Orton will join AMD as an executive vice president of the ATI business division, reporting to the AMD office of the CEO, comprising Ruiz and president and chief operating officer Dirk Meyer.
But hundreds of other employees will lose their jobs as the new giant seeks to cut operating expenses by around $75 million by the end of 2007.
The combination of AMD's processor expertise with ATI's 'strengths' in graphics, chipsets and consumer electronics, would result in a "new and more formidable company," the pair claim.
The combined company would have achieved approximately $7.3 billion in total consolidated sales during the last four quarters with a workforce of approximately 15,000 employees, according to the joint statement today.
ATI will pay AMD a termination fee of $162 million should the deal yet founder. The transaction is expected to be completed in the fourth quarter of 2006. µ
Now, the road is clear for multi-type processors on the same machine on a socket style. You can have a X64 CPU and a GPU side by side, on a Hypertransport link! Speed and multiple solutions will soon arive
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