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Dirk Meyer: AMD is NOT Up For Sale!

By - Source: Tom's Hardware US | B 43 comments

Despite rumors of an Oracle purchase, AMD is not up for sale.

Last month Oracle CEO Larry Ellison said during an analyst meeting that the software company may purchase chip manufacturers without specifying likely targets. Ellison added that "silicon is important," and that the company was focused on building its intellectual property portfolio.

Speculations arose, causing shares of ARM Holdings Plc to rise 6.1-percent after the comment while Nvidia took in a nice 3.9-percent jump. AMD shares also shuffled thanks to growing rumors that Ellison had his eye on the second largest x86 CPU manufacturer, however AMD's CEO has now set the story straight.

"AMD is not for sale, but we are happy to listen to any proposal which is in the interest to our shareholders," Chief Executive Dirk Meyer said Wednesday during his keynote address at the Canalys Channels Forum 2010 event in Barcelona, Spain. Meyer must leave the proposal option open for shareholders as AMD is a public company.

Four years ago ATI CEO Dave Orton had a similar stance against an acquisition before AMD assimilated the GPU manufacturer for $5.4 billion in July 2006.

Wednesday AMD shares were up 5 cents (0.7-percent) to $7.03.

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Top Comments
  • 27 Hide
    drwho1 , October 6, 2010 8:26 PM
    Love the girls, did not read, but love the girls!
  • 23 Hide
    Darkerson , October 6, 2010 8:23 PM
    I so hope oracle doesn't buy them. That really would be the nail in the coffin for AMD.
  • 22 Hide
    sliem , October 6, 2010 8:26 PM
    Hm, boobs are not for sale? what?
Other Comments
  • 23 Hide
    Darkerson , October 6, 2010 8:23 PM
    I so hope oracle doesn't buy them. That really would be the nail in the coffin for AMD.
  • 0 Hide
    hellwig , October 6, 2010 8:25 PM
    "We're not for sale because no one has made an offer, yet."

    Depending on the details, AMD shouldn't brush-off a potential sale. They could definitely use more cash to help their business, that $1.2billion Intel paid them off with recently only went towards debt. Although, I don't know what Oracle does with "silicon", but they just purchased Sun a while back, and they must get those Sparc processors from somewhere.
  • 27 Hide
    drwho1 , October 6, 2010 8:26 PM
    Love the girls, did not read, but love the girls!
  • 22 Hide
    sliem , October 6, 2010 8:26 PM
    Hm, boobs are not for sale? what?
  • 1 Hide
    kronos_cornelius , October 6, 2010 8:29 PM
    Hooray !
  • -4 Hide
    mavanhel , October 6, 2010 8:33 PM
    Quote:
    "AMD is not for sale, but we are happy to listen to any proposal which is in the interest to our shareholders,"


    Isn't this what Palm said a bit before HP bought them out?

    Also, is it just me or does it look like the girl second from the left has really saggy boobs?
  • 5 Hide
    captjack5169 , October 6, 2010 8:47 PM
    AMD has been a tried a true CPU maker for me for many years I would hope they would stay they are, There doing a good job, and companies that make good products are hard to find.
  • 22 Hide
    amk09 , October 6, 2010 8:51 PM
    Speaking of silicon, that's a beautiful picture right there... ;) 
  • 11 Hide
    Parsian , October 6, 2010 8:52 PM
    AMD is the phoenix... It shall return to full glory in much larger market
  • 1 Hide
    scook9 , October 6, 2010 8:53 PM
    Good products are not hard to find, good products from good companies are hard to find haha

    as the companies are usually what turn people away and not the products
  • 7 Hide
    jomofro39 , October 6, 2010 8:55 PM
    mavanhelIsn't this what Palm said a bit before HP bought them out?Also, is it just me or does it look like the girl second from the left has really saggy boobs?

    1. Every publicly traded company must do what is best for stockholders. Everything has a price, everything.
    2. Those are known as "Natural". Your online porn escapades will likely contain few of these.
  • 7 Hide
    Camikazi , October 6, 2010 8:55 PM
    mavanhelAlso, is it just me or does it look like the girl second from the left has really saggy boobs?

    They look kind of large and gravity does work so...
  • -6 Hide
    ares1214 , October 6, 2010 8:56 PM
    Firefox updates anyone?
  • -4 Hide
    liveonc , October 6, 2010 9:12 PM
    This is the second add I've seen where people think geeks have poor taste or bad eyes. Why does a guy have to like automobiles to have good taste & eyes? It's biased & bogus!
  • 1 Hide
    soundping , October 6, 2010 9:49 PM
    mavanhelAlso, is it just me or does it look like the girl second from the left has really saggy boobs?

    Those are called ear muffs. ;) 
  • 1 Hide
    HavoCnMe , October 6, 2010 10:12 PM
    AMD will never sell....I hope. They may not have the majority of the market but they have a big enough piece of pie. I would tell Oracle $25 Billion if they wanted to even sit down. May take awhile to recoup, but hey everything comes with a cost. JMO
  • 1 Hide
    kelemvor4 , October 6, 2010 10:20 PM
    mavanhelis it just me or does it look like the girl second from the left has really saggy boobs?

    I was thinking she was the only one in that photo with any to speak of period.
  • 2 Hide
    Titanius , October 6, 2010 10:39 PM
    If Oracle ever purchases AMD, HELL WILL FREEZE OVER!!!
  • 0 Hide
    JeanLuc , October 6, 2010 11:16 PM
    DarkersonI so hope oracle doesn't buy them. That really would be the nail in the coffin for AMD.


    Do you wish to qualify that statement? How would all that extra money for R&D would "a nail in the coffin for AMD"? AMD has limited resources and are trying to compete against Intel who has unlimited resources, lots of designers and Intel's fabs are the most advanced in the world. AMD needs every bit of help it can get.

    I can;t see how buying out Nvidia is going to help Oracle unless they really want to move into the GPGPU sector and as for the discrete consumer video card market is a declining market not an expanding one.
  • 0 Hide
    icepick314 , October 6, 2010 11:35 PM
    AMD company is not for sale but those AMD bikini girls are, right?
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