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AMD (AMD +9.5%) rallied in afternoon trading, apparently on M&A speculation. Evercore's...
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Wednesday, August 8, 2012, 4:32 PM ETAMD (AMD +9.5%) rallied in afternoon trading, apparently on M&A speculation. Evercore's Patrick Wang says Qualcomm (QCOM) and Samsung (SSNLF.PK) have been mentioned as potential buyers. But would these companies, both of whom develop ARM-based processors, be that interested in an x86 processor developer that's heavily exposed to a weak PC market, and is perpetually at a resource disadvantage relative to Intel (INTC)? 15.9% of AMD's float was shorted as of July 13.
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This news story has 4 comments:
shorters will get burned. Amd owns 20 % of pc business and 50% of discrete graphics. It's also growing in workstation graphics with the firepro brand.
Typed on a bulldozer 8 core AMD 7970 multimonitor graphics.
Remember 3dfx ?
Their stock was down and nvidia took them.
The synergies with nvidia is massive . First competition in high end graphics is hurting both nv and AMD. Second now that Intels in low to mid graphics market they could clear competition authorities.
Think about it : a company spanning arm phone chips to low power servers to high power x86 chips , gp gpu graphics plus good value gaming graphics. That NvAtiAmd the new tech giant.