AMD filed with SEC to sell $1 billion in common and preferred stock as well as debt securities.
WASHINGTON, March 3 (Reuters) - Advanced Micro Devices Inc
on Tuesday filed a shelf registration with the U.S. Securities
and Exchange Commission to sell up to $1 billion in common and
preferred stock as well as debt securities.
The company, which make microprocessors, memory products
and programmable logic products, will use net proceeds for
general corporate purposes, which may include the reduction of
outstanding debt, working capital increases, acquisitions and
capital expenditures, the company said.
No underwriters were named in the filing, Advanced Micro,
based in Sunnyvale, Calif., said in a statement.
[This would undoubtedly incur heavy EPS dilution, long term debt, and cede a minority equity stake to another co., could it be IBM ? AMD has no choice but does that for it is running out of cash trying to fix the yield problem and years in the red.] |
