Feeds

Cash-strapped AMD drills for green gold in Lone Star State

Chip biz flogs campus for $164m, but wants to stay put

Protecting users from Firesheep and other Sidejacking attacks with SSL

Processor bakery AMD will sell off and lease back its offices in Austin, Texas, to raise $164m in much-needed cash.

The chipmaker will sign a 12-year lease on the "Lone Star Campus", with an optional extension clause if the firm decides to stay on at the location.

It's not the first time that AMD has shifted some real estate to get its hands on some readies: the company has leased its headquarters in Sunnyvale, California, since 1998 when it did a similar deal on the property, and just five years ago it sold and leased back its major site in Ontario, Canada.

AMD said it had also put its "largely unoccupied" Building 3 property in Austin up for sale. Any workers still in the location will be "consolidated at other sites".

“As we reset and restructure AMD for long-term success, we are taking a number of steps designed to optimise our business and monetise assets,” Devinder Kumar, chief financial officer of AMD, said in a canned statement. “The sale of our Austin campus will unlock a significant amount of capital."

Kumar and chief exec Rory Read said earlier this year that they hoped to return AMD to profitability in the second half of this year, with new APU and graphics products helping as well as restructuring and cost-cutting. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.