Goofy rumor of the day: AMD to buy Qimonda. With what?
Lunch money?
reuters.com
LONDON/FRANKFURT, Sept 10 (Reuters) - Shares in German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) rose as much as 3.4 percent on Monday as traders cited market talk that U.S. rival Advanced Micro Devices (AMD.N: Quote, Profile, Research) was planning to bid for Infineon's Qimonda (QI1Ay.DE: Quote, Profile, Research)(QI.N: Quote, Profile, Research) unit.
...
Infineon, Qimonda and AMD's German unit declined to comment on the market talk, which Princeton Tech Research analyst Paul Leming said was unlikely to be true.
"Not only does it make no sense to me, it would very much be an outright negative to see AMD move into what is the low end from the quality, margin and capital intensity (positions)," he said. |
