The Register® — Biting the hand that feeds IT

Feeds

AMD takeover rumours re-emerge

But we don't think it's a goer

  • print
  • alert

Steps to Take Before Choosing a Business Continuity Partner

Rumours are circulating in Germany that AMD may be snapped up by giant conglomerate Siemens. But AMD has said "it has no knowledge of such a move" and we think it's highly unlikely too. According to the speculation, Siemens is preparing to offer as much as $40 a share for AMD stock. That is double its current share value on the New York trading floors. We think this has to stay at the level of pure speculation. Reports have been surfacing over the last few days that its financial position is better this quarter than it was, but it is hard to see what Siemens would get out of the deal. The speculation may have been started by traders anxious to boost AMD's share price, which has only fluctuated a matter of a few dollars in the last six weeks or so. ®

Magic Quadrant for Enterprise Backup/Recovery

More from The Register

 breaking news
BBC-featured call centre slapped with hefty fine for unwanted calls
PPI pests: Swansea-based firm stung for £225k by ICO
Microsoft to open Windows Stores inside 600 Best Buy locations
Product showcases 'must be seen to be believed'
 breaking news
What did the Lehman Brothers implosion look like to a techie?
Insider tells all about the Gnab Gib at Lehmans
 breaking news
The only Waze is Google: Ad giant tipped to gobble map app 'for $1.3bn'
Pac-Man-satnav-ish upstart in bidding war with Apple, Facebook
 breaking news
1-in-10 e-tomes 'are self-published'... most are 'rubbish' says book ed
Publishing man scoffs at go-it-alone writers, ursines still fouling in forests
 breaking news
Facebook RSS reader said to uncloak June 20
Secret event scooped by Scottish developer?
 breaking news
O2 averts strike action over mass Capita outsourcing deal
Details of new agreement not yet released