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Sources Claim AMD Hires Bank to Pursue Options Including a Sale

Nov 14 2012, 12:23pm CST | by , in Rumors | Computer Hardware

Sources Claim AMD Hires Bank to Pursue Options Including a Sale
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AMD looks for options including a patent sell off

AMD has been struggling along in the processor market for several years and is having an increasingly difficult time managing a profit in the face of stiff competition from Intel in the computer market and others in the mobile device market. Reuters cites sources that are now claiming AMD has hired JPMorgan Chase and Co. to explore options, including a sale.

The sources do say that an outright sale of AMD is not a priority and other options might include selling off patents that AMD holds. AMD has also reportedly been laying off engineers and some fear that the company may not be able to find new markets for processors before it runs out of cash. Reuters reports that AMD stock prices have fallen over 60% this year giving the company a market value of about $1.4 billion.

The company reportedly holds long-term debt and capital lease obligations of about $2 billion. I have to wonder if this might be a perfect situation for Apple. Apple has reportedly been considering a move away from Intel and it certainly has the money to gobble up AMD and make its own processors if that's what Apple wants to do.

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