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AMD to acquire Canadian firm ATI for 5.4 billion dollars
New York (AFP) Jul 24, 2006 US microprocessor giant AMD will acquire Canadian technology company ATI in a deal valued at approximately 5.4 billion dollars, the companies said Monday in a joint statement. The merger will create a processing powerhouse by teaming AMD with ATI's strengths in graphics, chipsets and consumer electronics, they said. Under the terms of the transaction, AMD will acquire all of the outstanding common shares of ATI for a combination of 4.2 billion dollars in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21. AMD said the cash-and-shares transaction was expected to boost earnings "slightly" in 2007, and be "meaningfully accretive" in 2008. The transaction was unanimously approved by the board of directors of each company, and is subject to shareholder and regulatory approval, the companies said. AMD, headquartered in Sunnyvale, California, said it would maintain sales, design and manufacturing centers worldwide and major business centers in Silicon Valley; Austin, Texas; and Markham, Ontario. Community Email This Article Comment On This Article Related Links All about the technology of space and more
Google tool bar seekers tricked into downloading computer virus: security firm
San Francisco (AFP) Jul 21, 2006 Computer hackers built a fake Google Tool Bar website to trick people into downloading a malicious program that could turn machines into "zombies," a US Internet security firm said on Friday. |
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