AMD Once Again Denying Rumors That It's Looking For Buyer
Another week, another report that AMD is looking for a buyer. According to Reuters, AMD has brought JPMorgan Chase & Co. to explore options for the struggling chip maker, which could include a sale of all or part of the business.
AMD spokesperson Drew Prairie, in an emailed statement to CRN, offered a somewhat verbose assessment of the situation. "AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly differentiated technology assets is the right approach to enhance shareholder value."
Huh?
"AMD is not actively pursuing a sale of the company or significant assets at this time," Prairie said in the statement.
OK, that clears things up.
Next Slide >
