AMD needs more cash

Posted on Monday, Jul 16 2007 @ 17:11 CEST by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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