The sources close to tooling manufactures are whispering aroud that AMD already closed the deal with somebody at east and that DAMIT already sold a piece of the FAB in Dresden.
AMD desperately needs cash and by selling the old nanotechnology equipment it can raise between 300 to 500 million dollars.
The same sources have implied that the deal for selling between 300 to 500 million dollars has already been made with a buyer that wants to remain unknown but we know that it comes from east. We also know that the buyer is not TSMC. We also know that AMD sold some of its old equipment that it doesn't need any more.
AMD needs the cash to return the Morgan Stanley debt and as the company needs it for its operations. This is really tough year for AMD, the toughest in years.
Yes fudzilla has allways been the most reliable source of AMD related news LAUGHING OUT LOUD(I know there is a short version, but hopefully this way the fools who actually belive what the fud will notice how ironic I am being in my statement, afterall if you belive that you might belive anything)
BTW. the earth isn't flat either
Message edited by justjc on 08-15-2007 at 01:49:45 PM
AMD raised $1.5B in Senior notes to pay off the Morgan Stanley loan. It just closed so they should be free of it by next month or so.
I would think that they are using Fab 30 for that since no one else is really doing 65nm SOI. They could definitely setup bulk silicon for chipsets at 90nm.
It's not really as bad as it seems. Times are tough but sales are growing. In my opinion, they should definitely drop Kuma well before 2008 to get the desktop margins up somewhat.
AMDs MS loan was pretty strict on what AMD could do when it got capital, mainly it was used to pay them back.
By issueing more notes, yes they are trading one debt for another BUT, now they can sell off their old 200mm equipment and use that money to buy new equipment they need.
They couldn't do that while they still had the MS loan, because that money made from selling that equipment, which was used for collateral on the loan, would have went straight to MS.
Anyways, fud hasn't been to reliable and shouldn't be looked at as reliable, more along the lines as rumor mill talk at the water cooler.
I don't remember reading in the bible that the earth is round or flat, but I do remember reading about a guy from ancient egypt who discovered the circumference of the earth by measuring the angle at which sunlight struck two points that were 700km apart at noon on the summer solstice. he ended up with around 40k kilometers, which is not bad for govt work.
I don't remember reading in the bible that the earth is round or flat, but I do remember reading about a guy from ancient egypt who discovered the circumference of the earth by measuring the angle at which sunlight struck two points that were 700km apart at noon on the summer solstice. he ended up with around 40k kilometers, which is not bad for govt work.
fudzilla rulz!
Wasn't he put to death by the christians?
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And on the third day, God created the Remington bolt-action rifle, so that Man could fight the dinosaurs. And the homosexuals.
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*While we crash and burn, small, low tech, agrarian societies such as the Hmong in the mountains of Laos will continue on without so much as blinking an eye.*
I don't remember reading in the bible that the earth is round or flat, but I do remember reading about a guy from ancient egypt who discovered the circumference of the earth by measuring the angle at which sunlight struck two points that were 700km apart at noon on the summer solstice. he ended up with around 40k kilometers, which is not bad for govt work.
fudzilla rulz!
Maybe the other 15k Kilos got lost in the translation? Ancient Egyptian Hieroglyphics to Aramaic to Ancient Hebrew to Greek to English?
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Hard to see, the future is... Yoda
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*While we crash and burn, small, low tech, agrarian societies such as the Hmong in the mountains of Laos will continue on without so much as blinking an eye.*
ldlnic001@mail.uct.ac.za 