AMD +1.6% after Reuters reports the chipmaker will sell and lease back its Austin campus for...

|By:, SA News Editor
AMD +1.6% after Reuters reports the chipmaker will sell and lease back its Austin campus for proceeds of $150M-$200M. AMD, which has been cutting jobs as it deals with share losses and poor PC demand, has reportedly hired JPMorgan to explore strategic options, though the company says it isn't up for sale. Yesterday, embattled CEO Rory Read said he was encouraged by Thanksgiving weekend PC sales in the U.S., but refused to promise a holiday season turnaround.