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theo6

theo6
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  • AMD +1.3% AH after announcing it has amended its chip wafer purchase deal with Globalfoundries to reflect its slumping volumes. AMD says it will now buy $115M worth of wafers from its former chip foundry spinoff in Q4 and $1.15B in 2013, and will make a $320M termination payment related to the move. AMD will also cut its payments to Globalfoundries for certain R&D expenses. The chipmaker says these moves will help it return to positive free cash flow in 2H13. [View news story]
    Once again I state: buy long and double by March 2013
    Dec 7 03:37 AM | Likes Like |Link to Comment
  • AMD (AMD +10.7%) is ripping higher again today; shares are now up 30% since the hard-luck chipmaker announced it would sell and lease back its Austin campus for $150M-$200M. 27.9% of the float was shorted as of Nov. 15 - are diminishing insolvency fears fueling a short-covering rally? [View news story]
    Go long and double your money by March 2013.
    Dec 3 04:37 PM | 1 Like Like |Link to Comment
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