AMD CEO Denies Sale of Company and Assets

AMD's CEO Rory Read has issued a memo to company staff clarifying and calming those who read the Reuters report earlier claiming that AMD was exploring sale options. The AMD leader says clearly that there is no sale and reiterates his confidence in the new direction. The memo below comes from the Verge.

Team,

Within the past couple of hours, a major media outlet wrote a piece speculating about the sale of AMD. As you know, articles such as this periodically surface in the media. I want you to know exactly how we are responding to this speculative piece, as we expect some additional media outlets to inquire. Our official response is below, along with the original news article.

But let me personally reinforce to you: we are not actively pursuing the sale of AMD or any of our significant assets. It's full steam ahead with our strategy … we absolutely are on the right path.

Rory

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  • mikenygmail
    I'm glad someone else realizes what's going on here. Indeed, Intel and Nvidia's paid bashers are all over the place in one form or another. They're on the yahoo finance message boards, posting anti-AMD messages on AMD's message boards. They've repeatedly posted outright lies claiming that AMD is in the process of declaring bankruptsy, or will go bankrupt since 2008.

    AMD's Piledriver CPU's are great. AMD desktop and laptop APU's have no competition and can actually run games reasonably well, unlike any Intel product. AMD is even making tablet APU's now, and ARM chips are on the way.

    The last time AMD's stock was at $2, it went up to $10 in less than a year - all when AMD was in a much worse position than now. This took place from February to December in 2009. Don't expect the stock to stay this cheap for long!

    Bottom line, don't believe the BS and support AMD. This actually helps lower prices for us all.
    20
  • Anonymous
    AMD is obviously going to ditch x86 completely and move to ARM, where they can get a fair deal, instead of having to deal with Monopoly-zilla. That is the real reason Steamroller and Kaveri are delayed, and they're going to do Piledriver+GCN for the next APU instead of Steamroller+GCN because they're considering not doing them at all with x86...

    Of course, the minute they announced that, Intel had their minions in the tech media run hit-piece after hit-piece on AMD... Read any of the news sites for the past few weeks, every article has a disgustingly negative connotation towards AMD, and Larrafail is being praised to no end with the usual lack of hard evidence that it's going to be worthwhile... They all say "AMD isn't remotely competitive...", which is a lie, you would be hard pressed to tell the difference in a blind test. VIA x86 chips actually, really aren't competitive, but you would think that AMD had VIA levels of performance just reading tech sites...

    Intel doesn't want AMD to make an ARM chip because without the constraints of having to be x86(aka: Intel) compatible, AMD would have every chance in the world of out-performing Intel, they have the know-how to make a 4.0ghz+ ARM chip with greater IPC than current ARM chips. Intel wants to run AMD out of business before they can put out their first ARM product.
    15
  • omnimodis78
    The key phrase to keep a close eye on in that statement, and the official statement, is that AMD is "not actively pursuing" the sale of the company. When wording like that starts to be thrown around, it's clear as day to anyone familiar with the end-life of a business what that means.
    14
  • Other Comments
  • shqtth
    Sure hope so, because the second you try to sell things off, even more market share will be lost as well as stock prices.


    ATI can survive without AMD. AMD has already been gutted (1 billion from Intel is all gone and GF sold off). But do not gut ATI, make it a canadian company again. (make ATI a separate company, then AMD can go bankrupt). But no need to take down ATi with the ship.
    -12
  • omnimodis78
    The key phrase to keep a close eye on in that statement, and the official statement, is that AMD is "not actively pursuing" the sale of the company. When wording like that starts to be thrown around, it's clear as day to anyone familiar with the end-life of a business what that means.
    14
  • Anonymous
    AMD is obviously going to ditch x86 completely and move to ARM, where they can get a fair deal, instead of having to deal with Monopoly-zilla. That is the real reason Steamroller and Kaveri are delayed, and they're going to do Piledriver+GCN for the next APU instead of Steamroller+GCN because they're considering not doing them at all with x86...

    Of course, the minute they announced that, Intel had their minions in the tech media run hit-piece after hit-piece on AMD... Read any of the news sites for the past few weeks, every article has a disgustingly negative connotation towards AMD, and Larrafail is being praised to no end with the usual lack of hard evidence that it's going to be worthwhile... They all say "AMD isn't remotely competitive...", which is a lie, you would be hard pressed to tell the difference in a blind test. VIA x86 chips actually, really aren't competitive, but you would think that AMD had VIA levels of performance just reading tech sites...

    Intel doesn't want AMD to make an ARM chip because without the constraints of having to be x86(aka: Intel) compatible, AMD would have every chance in the world of out-performing Intel, they have the know-how to make a 4.0ghz+ ARM chip with greater IPC than current ARM chips. Intel wants to run AMD out of business before they can put out their first ARM product.
    15