Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 February 2009 00:04

AMD stockholders greenlight spin-off proposal

Written by

Image

The Foundry Co. deal goes forth

 

AMD stockholders have approved the company's spin-off plan and the formation of The Foundry Co., a joint venture with Abu Dhabi's Advanced Technology Investment Co.

The chipmaker had tried and failed to get approval for the proposed deal at a stockholder meeting last week. This didn't go down well with Wall Street, although it seems to have been a technicality, as too few stockholders showed up and they were unable to meet the 50 percent quorum requirement.

This time around the market was ready for the green light, but the approval didn't do much for AMD's stock price which fell 7.2 percent, and closing at $2.20. The transaction is set to close on March 2.

Last modified on Thursday, 19 February 2009 00:08

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments