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AMD needs more cash

Posted on Monday, July 16 2007 @ 17:11:52 CEST by


AMD's shareholders are having a meeting today to discuss the possibility of raising additional financing to maintain stable operations during the rough time the company is going through.
AMD by selling a great part of its assets ( fabs in Germany ), has negatively influenced the company's debt holders thus the need for money is great. Main reason is that AMD is again to post a larger than expected loss and if they cant find a way to raise money fast they could be going out of business really soon.

This is truly a hard time for AMD , perhaps the hardest ever and all fans around the world can do is cross fingers and hope AMD makes it.
Source: Techpowerup.


 



 

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