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.Source: Techpowerup.
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.
AMD needs more cash
Posted on Monday, Jul 16 2007 @ 17:11 CEST by Thomas De Maesschalck