iBankCoin
Joined Nov 11, 2007
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$AMD Pops 8% as They Hire $JPM to Explore Their Options

 

“Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.

Sources said an outright sale of the company is not a priority, and other options for AMD could include a sale of its portfolio of patents.”

 

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