Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 219.35

+5.6%

11:34 AM EST

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To: kapkan4u who wrote (71968)	2/19/2002 6:22:29 PM
From: milo_morai	Read Replies (2) of 275872

<font color=blue>($50 Million)AMD Announces Completion of Alchemy Acquisition SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 19, 2002--Advanced Micro Devices Inc. (NYSE:AMD - news) announced today that it has completed the acquisition of Alchemy Semiconductor Inc., a privately held company that designs, develops and markets low-power, high-performance microprocessors for personal connectivity devices such as personal digital assistants (PDAs), Web tablets, and portable and wired Internet access devices and gateways. The acquisition was structured as a cash transaction, pursuant to which AMD made cash payments of approximately $50 million to Alchemy stockholders and outstanding creditors. biz.yahoo.com

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