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Wednesday, November 14, 2012

Even if $AMD were up for sale who wants it?

Even if $AMD were up for sale who wants it?

SAN FRANCISCO (MarketWatch) — A report that Advanced Micro Devices Inc. was exploring its options lit up the chip maker’s stock in late trading, but investors might want to watch what happens first.
AMD AMD -4.94%  issued a statement after the market closed on Tuesday stating that it “is not actively pursuing a sale of the company or significant assets at this time.” Earlier, Reuters reported that the company had hired investment bank J.P. Morgan, a move that potentially could lead to a sale of the company or some of its assets. Read more about AMD’s statement.

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