Posted on Saturday, July 08 2006 @ 0:22 CEST by Thomas De Maesschalck
The Reg heard AMD has reached an agreement with ATI to buy the graphics firm, but they don't know if the source is reliable:
An official statement will be made shortly - if, that is, you believe a report on a Chinese-language website citing a single source said to be close to the negotiations.
We're taking this with a big pinch of salt. The unnamed source, cited by Sohu.com, would provide no details of the deal.
The claim that AMD wants to buy ATI was made back in late May this year by RBC Capital Markets analyst Apjit Walia. For evidence of such interest, the market watcher could only point to AMD's cash pile and its desire to boost output over the next few years. He also said ATI had an attractive stock price.
More info over
here.
