AMD Is Not for Sale, But Are Happy to Listen to Proposals - Chief Executive

CEO: AMD Is Not for Sale, But May Be Sold

by Anton Shilov
10/06/2010 | 11:13 AM

Chief executive officer of Advanced Micro Devices said that the chip designer was not looking for a strategic investor, however, the company would be "happy" to discuss any potential deals that may be of interest to the company's current shareholders. Mr. Meyer was responding to an assumption that Oracle could buy AMD.

 

"AMD is not for sale, but we are happy to listen to any proposal which is in the interest to our shareholders," said Dirk Meyer at  industry conference, reports Reuters news-agency.

The assumption that Oracle could acquire AMD was said by a financial analyst after Larry Ellison, chief exec of Oracle, an enterprise software and hardware company, said that the industry giant was looking forward acquiring semiconductor companies in order to boost its technology portfolio.

Even though AMD may look a compelling target from server and high-performance computing perspective, the company is unlikely to fit Oracle. The lion's share of AMD's revenue comes from consumer hardware and Oracle is a company that will hardly jump onto those markets. Obviously, paying billions for AMD and then dropping their primary businesses does not seem to be a good idea. Moreover, even server chips of AMD are likely to drop in popularity among server makers should AMD lose its neutrality.

It is noteworthy, however, that while AMD is not for sale, its head would be "happy" to listen to proposals about selling off the chip design company.