Thursday, February 15, 2007
If the price war with Intel continues, AMD might have cash flow issue and be a target for buyout, according to an analyst.
"When we polled clients as to the reason behind the strength we were told that private equity rumors were circulating," said analyst Doug Freedman of American Technology Research Inc., in a report. "While we do not doubt that private equity is sitting on cash it needs to put to work, we have a hard time seeing how it would get involved in AMD at the present valuation."
"In the meantime we think management will be forced to come to the capital markets for operating cash before the end of the summer," he said.
By: DocMemory
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