AMD selling consumer electronics line?
Post by Milly , 2008-07-31 19:40:55 Source： FiringSquad Editor：MillyTags：
Besides announcing a $1.19 billion loss for Q2 and the promotion of Dirk Meyer to CEO, one additional bit of news AMD announced with their Q2 results were their plans to divest themselves of their consumer electronics unit they acquired when they purchased ATI. AMD was mum on specifics at the time, but with the company strapped for cash, a sale of the CE unit makes the most sense. Now one analyst believes that Broadcom could be a potential buyer:
"We believe that Broadcom is a likely candidate to acquire AMD's consumer TV business for about $250-$375 million as it has a comfort level and history with integrating former ATI products and management," said analyst Doug Freedman of American Technology Research Inc., in a report.
"The business includes DTV chips that are sold into major name brand digital TVs. We believe Sony and Samsung as well has HiSense (China) are all ATI customers," he said. "We also view the handset-based product line as available for sale; however, we are unable to identify a potential buyer given the limited customer base."
- •Duke Begins Project Canned by 2K Games
- •38 Studios Gets Big Huge
- •3D Realms Gives Their Side of the Duke Lawsuit
- •Report: 3D Realms Nuked
- •50 Cent wants to 'make' Blood on the Sand sequel, original IP
- •2K Boston Recruiting for Next Project
- •2k Games removes “Sea of Dreams” from BioShock
- •3G Studios filling barren undead-action genre with XomB
- •2D Boy examines creating a World of Goo
- •Live Blogging the 2009 D.I.C.E. Summit
- •3 on 3 NHL Arcade Power-Ups Walkthrough
- •3D Modeling Industry Expected to Boom, says Acacia Research
