Home  |  News  |  Reviews  | About Search :  HardWare.fr 



ProcessorsMotherboardsGraphics CardsMiscellaneousHard DisksSSD
Advertise on BeHardware.com

News of the day

  • AMD unveils Hybrid CrossFire
  • Nvidia acquires Mental Ray
  • Nvidia launches triple SLI
  • ATI overvalued, expected losses for AMD
  • Archives

    Décembre 2007
    LMMJVSD
    1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31

    You can read previous news using our archives.

    << Previous day's news
    December 12, 2007
    Next day of news >>
    December 14, 2007



     ATI overvalued, expected losses for AMD
      Posted on 13/12/2007 at 13:05 by Nicolas - source: divers
    Imprimer cette news Envoyer cette news par e-mail

    AMD has indicated in documents destined to the Securities and Exchange Commission (SEC), the watch dog for American stock markets, that the goodwill value (know-how, name, and potential) listed in the acquisition of ATI at $3.2 billion should be reevaluated to be lower.

    Clearly, this signifies that AMD admits having paid an excessive price for ATI ($5.4 billion), goodwill here being defined as the difference between the price and net assets.

    Beyond the words and the implicit recognition of what now appears as an error, this especially has a consequence in adding additional costs from a strictly accounting point of view. Even if this doesn’t change anything in terms of the company’s cash situation, it has an impact on financial results and therefore its growing losses.

    Finally, in an interview granted to CNBC Europe, Hector Ruiz, the firm’s CEO, clearly made it understood that he wouldn’t pass the baton to Dirk Meyer, the current Chief Operating Officer, before 2009 at the earliest.


    << Previous day's news
    December 12, 2007
    Next day of news >>
    December 14, 2007


    Copyright © 1997- Hardware.fr SARL. All rights reserved.
    Read our privacy guidelines.