Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 217.23

-0.1%

10:10 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: j3pflynn	11/22/2006 6:59:41 AM
	Read Replies (1) of 275872

Apparently Intel was the victim in the heist reported yesterday. Intel victim of RM50m microchip robbery 22 Nov 2006 GEORGE TOWN: The world's biggest chipmaker, Intel Corporation, yesterday said it was a victim of the RM50 million heist at the Batu Maung Free Commercial Zone in Penang on Monday. The company, however, said it expects the incident to have minimum impact on its global customers. Intel Malaysia media manager Jacinta Vythilingam said the company had activated its business contingency plans to ensure that its customers obtained adequate support. "We have been notified by the police that Intel is a victim of this heist," she told the New Straits Times. Vythilingam said although the local media had speculated the value of losses incurred, the company declined to comment on its direct losses due to on-going police investigations. "This incident has come as a surprise, especially the lax security in such an area with high priced cargo," she said. "We are co-operating with the police and hope to recover our products. We also trust that appropriate action will be taken to step up security in and around the area." The company was also pleased with Prime Minister Datuk Seri Abdullah Ahmad Badawi’s directive for thorough investigations and the need to heighten security measures. Vythilingam declined to disclose the destination of the microchips before they were stolen, saying it may jeopardise police investigations. nst.com.my

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next