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[AMD] AMD to lease back own home for $200m extra cash

post #1 of 30
Thread Starter 
Quote:
AMD spokesman Drew Prairie has been banging out AMD stories for many, many years – and his latest revelation to Reuters says that AMD is looking to raise up to $200M from the sale of its Austin Texas lands – while not actually moving anywhere at all.
What is less clear, is why AMD wants all of this cash. If you remember, when we covered the promotion of John Byrne to CSO, we also mentioned AMD looking to raise up to $500M in cash.

Interesting

Source

Mod edit: Please use the same title as the article.
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post #2 of 30
Sounds puzzling. But it may be indeed a good move rolleyes.gif
   
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post #3 of 30
Thread Starter 
Quote:
Originally Posted by Artikbot View Post

Sounds puzzling. But it may be indeed a good move rolleyes.gif

LOL a world i will never truly understand.
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post #4 of 30
Wow that is interesting. I'm hoping they have something up their sleeve and need cash to invest into something epic. At the same time they have cash but not as much as they used to so maybe they just want cushion?
post #5 of 30
Quote:
Originally Posted by sockpirate View Post

LOL a world i will never truly understand.

Indeed. Finances are more puzzling than engineering problems to my mind headscratch.gif
   
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post #6 of 30
Quote:
What is less clear, is why AMD wants all of this cash.

usrs?
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post #7 of 30
Thread Starter 
Quote:
Originally Posted by Artikbot View Post

Indeed. Finances are more puzzling than engineering problems to my mind headscratch.gif

Was watching the documentary on the Segal Versailles project and my mind was blown....Rich people so rich they think being a millionaire is average?!?!? LOL...what?!?!
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post #8 of 30
They are trying to get out of debt. Best to minimize negatives if your positives are still maturing.
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post #9 of 30
Not bad, I'm glad to see AMD doing something to mobilize against Intel. Just hope the fatcat CEOs aren't taking any of this. This looks like a 200M loan, since they arn't moving and will probably being paying rent on land someone else now owns. Probably not the best long term investment, but at the moment if they need the funds then this is not a bad place to look for such a fat lump sum.
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post #10 of 30
Stealth Maneuver...
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