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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?


To: Dan3 who wrote (262222)10/28/2009 4:20:58 PM
From: smooth2oRead Replies (1) | Respond to of 275872
 
Dan: The fact that Intel then uses that information for illegal insider trading may be what blows away the last remnants of Intel's X86 rights.

You're confused, Dan. Your AMD bias has you so messed up, you're confusing Intel with AMD. It's AMD and Ruiz that did illegal insider trading...

Smooth



To: Dan3 who wrote (262222)10/28/2009 5:18:48 PM
From: Mahmoud MohammedRead Replies (3) | Respond to of 275872
 
Mr Dan,

Re: "The fact that Intel then uses that information for illegal insider trading ..."

You're confused, Mr Dan ... Here's another article to set you straight.

Ruiz bombshell: Are AMD, GlobalFoundries affected?
Case sparks sell-off in stock and raises management issues among analysts


"AMD stock plummeted 5.8% to $4.85, as some analysts said the revelations could cause a
short-term shock, but likely won't have any longer-term impact on the company or on
GlobalFoundries -- the new company spun off from the Sunnyvale, Calif.-based chip maker earlier this year.

Ruiz, who serves as chairman of GlobalFoundries, was named in a Wall Street Journal report
as the source of confidential information about AMD in the Galleon Group insider-trading
case that has resulted in five arrests and has rocked the investment community. See full story.

"There is no question that this type of high-profile focus on Hector Ruiz, who was obviously
key to AMD for such a long time, will have a short-term negative impact," analyst Tim Bajarin
of Creative Strategies Inc. said in an interview.

While acknowledging that "both [AMD and GlobalFoundries] themselves stand as solid
businesses," he warned the controversy surrounding Ruiz could pose some problems.
"There obviously could be a question mark regarding the stability of the GlobalFoundries' management,"
according to Bajarin. "This incident impacts on their ability to execute on the vision.""


Mahmoud



To: Dan3 who wrote (262222)10/28/2009 9:10:17 PM
From: UpNDownRespond to of 275872
 
I think the allegation was that an IBM exec, knowing AMD details, passed it on to the hedgie. I don't know whether the Intel Capital guy was involved with the AMD info.