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Written by Chris Tom
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Sunday, 22 March 2009 12:16 |
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Mercury News discusses several ailing companies including AMD.That pleases analysts who also have praised some of AMD's latest products. Moreover, the company has been bolstered by a major deal completed March 2 with Abu Dhabi investors, in which it will spin off its manufacturing operations into a separate business, get an $825 million cash infusion and shed $1.1 billion of debt.
"If they hadn't had the Abu Dhabi deal in place by last fall, we would really be wondering whether they would make it during this economic downturn," said Nathan Brookwood, a research fellow at Saratoga market consulting firm Insight 64. Now, he added, "it's dramatically different from the company that existed two years ago."
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