The Industry Standard - AMD becomes takeover target - Comments

Did not happen. Unfavorable

David Kuan — Fri, 02 Jan 2009 05:34:16 -0800

Did not happen. Unfavorable judgment can now be rendered.

It got my vote, but so far

Bradley Baker — Wed, 20 Aug 2008 11:28:30 -0700

It got my vote, but so far we're the only two.

Yes. Hopefully my AMD split

David Kuan — Wed, 20 Aug 2008 10:28:47 -0700

Yes. Hopefully my AMD split suggestion (http://thestandard.com/predictions/suggestions/amd-spins-manufacturing-a...) gets featured and gets enough votes to become a playable bet or TIS could just make the decision as such :)

Might be interesting to see

Bradley Baker — Wed, 20 Aug 2008 01:06:00 -0700

Might be interesting to see how rumored splits of AMD into two parts affect this prediction.

http://www.chewontech.com/2008/08/amd-split-rumors-accelerating.html
http://www.engadget.com/2008/08/12/amd-breakup-just-weeks-away/
http://wallstreetpit.com/will-amd-split-into-two-entities/

1.4 billion in Cash .5

JMan — Thu, 31 Jul 2008 20:12:43 -0700

1.4 billion in Cash
.5 billion in EBITDA and a Market Cap of 2.5 billion.
AMD can be bought on its brand equity alone at this level.
10x EBITDA gives you a 100% return. Thats something to think about.

@Kang, that would be an AMD

David Kuan — Sat, 26 Jul 2008 08:34:51 -0700

@Kang, that would be an AMD sell off ATI prediction which this is not. If the outcome is ATI is sold off but AMD remains then judgement on this prediction should be UNFAVORABLE.

so it doesn't count if AMD

Kang Wei Khoo — Sat, 26 Jul 2008 00:43:23 -0700

so it doesn't count if AMD decides to sell off ATI?

As AMD and ATI are one

Allan Gunneson — Tue, 22 Jul 2008 11:11:43 -0700

As AMD and ATI are one entity now, this prediction is that it's AMD (with ATI) that will be the acquisition target. Hope this helps.

take over bid for AMD AND

Kang Wei Khoo — Tue, 22 Jul 2008 09:26:48 -0700

take over bid for AMD AND ATI?
or a bid for ATI alone would also be counted?

AMD becomes takeover target

Allan Gunneson — Sat, 19 Jul 2008 19:33:44 -0700

Judgment made on January 8, 2009: AMD successfully avoided hostile takeover attempts from when the prediction was made until the end of 2008. -- The Industry Standard

Original prediction: With AMD's woeful acquisition of ATI, the company has taken write-downs and charges for months. There is no doubt that AMD made a strategic error in its purchase of ATI but how long can the beleaguered chip maker bleed dollars from its corporate veins?

$948 million in charges were taken by the company on July 11, 2008 and $880 million of these charges were ATI related. AMD reported yet another loss for its most recent quarter on Thursday, July 17, 2008.

Indeed, after reporting this loss, AMD replaced its CEO, Hector Ruiz, with Dirk Meyer. Mr. Meyer was previously president and COO having worked at AMD for 12 years.

The stock is at a five-year low and management and some wonder if AMD has the vision necessary to dig the company out of the hole they have created for themselves.

This is a prediction that AMD/ATI will be the target of a takeover bid before 12-31-2008. For this prediction to be judged, a takeover bid for AMD must be publicly announced before 12-31-2008. This takeover can be in any form; friendly, hostile or reverse. Bets will close on December 26, 2008, while judgment will occur on January 1, 2009, unless events dictate an early judgment.