AMD Refutes Reuters Report That It Is Looking For A Buyer

Last Tuesday, Reuters published a report that AMD has hired JPMorgan Chase & Comp. to explore options including selling the whole company or a large portion of its patent portfolio.

JPMorgan refused to comment on the report, but AMD denied it explicitly. "[AMD is] not actively pursuing a sale of the company or significant assets at this time," said AMD spokesperson Drew Prairie. "AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly-differentiated technology assets is the right approach to enhance shareholder value."

Prairie’s statement is quite decisive, but the choice of the adjective “actively” might leave some wiggle room for the company to probe such possibilities informally.

In the first 3 quarters of 2012, AMD accumulated $710 million in losses.

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AMD‎ - Advanced Micro Devices, Inc. (NYSE) 1.87 +0.00‎ (0.00%‎) Nov 15 4:00pm ET - Disclaimer 1.89‎ +0.02‎ (1.07%‎) Pre-Market Open: N/A High: N/A Low: N/A Volume: 72,973 Avg Vol: 31,710,000 Mkt Cap: 1.33B
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Sadly AMD does not have the crown in anything. Meaning, in speed, power savings, efficiency. AMD is only strong in the graphics department but Intel's integrated graphics are catching up. And Nvidia is owning AMD on discrete graphics as well. The market for mobile chips is very competetive, Nvidia, Qualcomm and others releasing good mobile CPUs daily with good graphic solutions- the way AMD operates by delaying products the existing company's will be so far ahead of the game before AMD releases something competent in the market. It looks like sadly, Intel will become an x86 monopoly.

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