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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (54360)	4/5/1999 9:38:00 PM
From: Scumbria	Read Replies (1) \| Respond to of 1577919

Elmer, The K7, should it ever ship, will not only underperform Intel's coppermine (by AMD's own admission) but it will also lose money as well. One of my favorite myths is the Trojan Horse, or the Monty Python version- The Trojan Bunny. Scumbria

To: Elmer who wrote (54360)	4/5/1999 10:46:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1577919

RE:"Considering that they spent $500 Million to buy the K6 design and have been a big net loser ever since, they would have been far better off not buying Nexgen in the first place and plowing that money into the divisions that had a chance of producing profits instead of pissing more money away trying to hurt Intel with their illegal dumping of K6s below cost. The K7, should it ever ship, will not only underperform Intel's coppermine (by AMD's own admission) but it will also lose money as well. That's what AMD does. It's their thing and like attracts like. The only remaining question is, who's going to buy the assets when they go under? Not if, but when."..... If AMD had done that this thread wouldn't have nearly been so much fun, now wouldn't it Elmer. <G>

To: Elmer who wrote (54360)	4/5/1999 11:54:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 1577919

Elmer - Re: " Considering that they spent $500 Million to buy the K6 design and have been a big net loser ever since, they would have been far better off not buying Nexgen in the first place" $500 Million for NexGEN ? Whoa ! The PRICE TAG For NexGEN was $860 MILLION ! Paul {==========================} PALO ALTO, Calif. (Reuter) - Faced with increased competition from giant semiconductor firm Intel Corp, Advanced Micro Devices said Friday it will acquire rival chip maker NexGen in an all-stock deal valued at more than $860 million. Under the agreement, NexGen shareholders will receive eight-tenths of a share of AMD stock for each share of NexGen. NexGen has about 41 million shares of stock outstanding on a fully diluted basis. Based on AMD's closing stock price Friday of $26.25, the deal is valued at $861 million or $21 per NexGen share, a slight discount to NexGen's closing stock price of $21.25. In a joint statement, Advanced Micro and NexGen said shareholders representing 37 percent of NexGen's outstanding shares have agreed to vote in favor of the transaction. The deal is expected to close in the first quarter of 1996. By merging, Advanced Micro and NexGen are hoping they can slow down Intel, which dominates the semiconductor market with its Pentium chip. The powerful chip, which is capable of peforming complicated tasks much faster than conventional semiconductors, has been a boon for Intel, and a source of significant concern for its competitors. Earlier this month, Advanced Micro said weaker prices for its 486 microprocessors sent third quarter profits tumbling to $56.2 million from $87 million a year ago. AMD said it plans to operate NexGen as a wholly-owned subsidiary. S. Atiq Raza, president and chief executive officer of NexGen, will retain his current position as the two companies integrate their activities. He will become a corporate vice president and a member of the AMD board of directors. Raza will also become the chief technical officer of AMD, reporting directly to W.J. Sanders III, chairman and chief executive officer of AMD. NexGen will continue to be located in Milpitas, Calif. Reut07:38 10-21-95