- Jul 1, 2005
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With the recent financial announcement from AMD, it seems like they could have to file for bankruptcy soon. This is actually a scary thought as they could simply be liquidated to fund the investors. This could make Intel a true monopoly and NVIDIA alone to fight them on other fronts.
http://finance.yahoo.com/tech-...AMD,LVS,S,M,GT,MYL,HTZ
The truly scary part is who they hired to be their new CFO.
http://www.fool.com/investing/...ick-the-right-cfo.aspx
Personally I would hate to see this happen. Competition is good (not only for our discussions) for everyone.
Comments?
http://finance.yahoo.com/tech-...AMD,LVS,S,M,GT,MYL,HTZ
8. Advanced Micro Devices When will AMD actually make money again? The question is becoming more important by the day since it carries over $5 billion in long-term debt. After losing almost $3 billion from 2007 ? 2008, analysts expect the company to lose more money in 2009 and 2010. While the shares rallied from their February $2 low, they still appear stuck in a long-term down trend from $40 highs way back in 2006.
The truly scary part is who they hired to be their new CFO.
http://www.fool.com/investing/...ick-the-right-cfo.aspx
Tom Seifert, the new man for the job, is a former executive at German chip designer Infineon AG and then memory chip maker Qimonda. I don't have anything against Seifert personally, and he certainly has a lot of experience in the semiconductor industry. AMD wouldn't spend a year looking for an executive only to settle for anybody less than solidly qualified for the job. But mention Qimonda and I can't help but be reminded of that company's recent bankruptcy. As an AMD investor, that connection does not make me comfortable.
Personally I would hate to see this happen. Competition is good (not only for our discussions) for everyone.
Comments?