AMD CEO Denies Sale of Company and Assets
On the right path, Read believes.
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

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.
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.
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.
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.
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.
That is more than likely true since Intel was more or less forced to license out x86 to AMD just to avoid being considered a monopoly years ago. That is the reason why AMD won't be sold, Intel cannot afford to let that happen since in order for Intel to make CPUs they need AMDs x86-64 and if AMD gets sold they could lose access to that license.
AMD's will continue to be sold as will AMD SeaMicro server products, AMD can and does use Intel CPUs in SeaMicro products as well as AMD's CPUs and others!
Trust me, This CEO "Roy" is pure freaking evil, do not trust him. The company will be sold and he will run away with the money.
Exactly. Deny or obfuscate everything long enough for the leadership to take the money and escape the blast radius as the company "explodes," sacrificing the workers that made them rich.
If word gets out, we will see an article about employees leaving; rats jumping from a sinking ship. Then we'll know.
Intel views AMD's CPU division as a "regulatory tax", and little more.
The Deep poket Folks (private equity group) do not worry so much about short term financial losses,
can run AMD at the break even point, without having to worry about pissed off stockholders, for a longer while, until AMD and Its Fab partners can catch up somewhat to Intel's process technology lead! AMD's APUs and GPUs ae great products that just need more time and process shrinks to stay competitive in their markets and price points! The new market that AMD will be in the ARM market will be comimg into it own over the next 5 years, as will AMD owned SeaMicro, that will make AMD money. no matter the CPUs used in the SeaMicro servers!
i can't even count all the bankruptcies or sales every time i hear this key phrase. 8 times out of 10 the company was sold in the next 2 years after that statement or went belly up as no one wanted to buy them the other 2 out of 10
Being bought by a private equity group, means that AMD will still be AMD beacuse AMD will be sold to a different group of investers, Same AMD different investors (private investors not stockholders). AMD being sold to a different company is much more difficult, As the Department Of Justice, antiturst division will have to examine any salel to a company that is already in the same market as AMD, and the DOJ is not likely to approve the sale, if that sale would reduce competition in the CPU market! This will rule out any company that allready produces CPU of any type, if the company, that wants to aquire AMD, already has good market share!
These kind of statements always sound like that; wether they end up being like that differs according to the situation I guess.
I always reference an episode from peep show when everyone is made to believe that there is a fire in the office, and when everyone gets out the manager says "Well, thank you everyone for a great fire drill....annnnnnd this branch is now closed and you are all fired"; bye bye.
Gets me every time
ATI stuff is inferior right now. They're losing to NVIDIA, and there's no realistic chance for that to change short term. Plus, it's a dying market. Not much hope there, just more pain, losses, and tears.
Bobcat was already the best technology AMD had, but it's grown stale by remaining on 40nm, and is not very successful. Add it all up, and we have AMD living up to its initials as a stock - Always Moving Down. This technology can't even compete well with Intel's Core line in the low power market, and is too heavy to go into emerging markets.
Jaguar changes all that fundamentally, and offers far more at 18 watts than Intel can come up with from any line, and can be left as a dual-core and place in much lower power devices, while still having superior performance to the existing product. It's not only a superior product, but it's aimed at growing rather than shrinking markets.
People like to read about this or that new Piledriver or Radeon, or whatever, but they are inferior products. They are why AMD loses. They are why AMD is trading below $2 a share. Jaguar is their hope to get out of this mess, and hopefully improve their inferior products in other markets.
They need to get this out right away.