Tuesday, April 24, 2007

AMD Is Begging For Money

AMD is hurting BIG time, the other day they announced a net loss of $611 million, or $1.11 per share. Intel has a better CPU with their Core 2 Duo for a much better price. AMD needs to get to 45 nanometer but that requires a new factory which requires money.

They are running out of money and they announced the offering of Convertible Senior Notes


Advanced Micro Devices, Inc. to Offer $1.8 Billion of Convertible Senior Notes

Advanced Micro Devices, Inc. (NYSE: AMD) today announced its intention to offer, subject to market and other conditions, $1.8 billion aggregate principal amount of Convertible Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Under certain circumstances, the notes are convertible into cash up to the principal amount and into shares of AMD’s common stock with respect to any conversion value above the principal amount. The interest rate, conversion price and other terms of the notes will be determined by negotiations between AMD and the initial purchasers of the notes. AMD expects to grant to the initial purchasers a 30-day option to purchase up to $400 million aggregate principal amount of additional notes to cover over allotments.

http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~117128,00.html


Advanced Micro Devices, Inc. Prices $2 Billion of 6.00% Convertible Senior Notes due 2015

Advanced Micro Devices, Inc. (NYSE: AMD) today announced the pricing of $2 billion aggregate principal amount of 6.00% Convertible Senior Notes due 2015 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. AMD granted to the initial purchasers a 30-day option to purchase up to $200 million aggregate principal amount of additional notes to cover over-allotments.

http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~117129,00.html

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