Abu Dhabi poised to take 9% AMD stake - $700 Million

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Apoptosis
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Abu Dhabi poised to take 9% AMD stake - $700 Million

Post by Apoptosis » Fri Nov 16, 2007 7:36 am

http://legitreviews.com/news/4125/

wow... A weak US dollar means outher countries and companies will buy up our stuff when the dollar is low... Looks like it's starting to happen in the tech sector.

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Re: Abu Dhabi poised to take 9% AMD stake - $700 Million

Post by Zelig » Fri Nov 16, 2007 8:28 am

Apoptosis wrote:wow... A weak US dollar means outher countries and companies will buy up our stuff when the dollar is low...
Which in turn pushes the dollar back up.

I've got a good friend from Abu Dhabi (well, Dubai, but he lived in Abu Dhabi when he was younger), I'll have to mention this to him to see what he thinks.

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Re: Abu Dhabi poised to take 9% AMD stake - $700 Million

Post by ibleet » Fri Nov 16, 2007 3:27 pm

Zelig wrote: Which in turn pushes the dollar back up.
Good, the dollar could use a good push. I'm honestly surprised the dollar is even worth a dime anymore considering all the debt and spending. The middle class has been pushed about as hard as they can be pushed without pushing back, but I suspect that is coming. Spending is so out of control that even all the taxes we pay don't even put a dent into it...debt, even worse.

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Re: Abu Dhabi poised to take 9% AMD stake - $700 Million

Post by toolegit2quit » Wed Nov 21, 2007 6:36 pm

But how will that effect AMD? or AMD stocks price? If Dhabi pours resources into AMD, perhaps that will give them the props they need to turn the corner on their longterm issues.
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Re: Abu Dhabi poised to take 9% AMD stake - $700 Million

Post by vicaphit » Wed Nov 21, 2007 7:03 pm

Or they squander it and make another processor a year after its competition that still doesn't even do as well in benchmarks... cough*phenom*cough
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