Shareholder vote passed, AMD is splitting into AMD and AMD Global Foundry on March 2, 2009.
Today was the D Day for the separation of AMD into two… or was it? Believe it or not, but the stockholders failed to bring enough votes on the proposal of splitting into The Foundry Company and AMD. What happened? AMD’s leadership had to receive a Yes vote from more than 50% of all stockholders. Sadly for AMD’s management, the company had a glitch in the system and sent out necessary 400-page documentation only in the dying days of January. We are unsure why this happened, especially with the vote as important as this one. By this morning, AMD received 42% of all stockholders, with
When it comes to AMD, this is the one company that is really a talent when it comes to destroying its own golden gooses. Sometimes out of knowledge, sometimes out of pure malice, the company’s heart is far from one that was the core when Colonel Sanders was in charge. The company that Sanders lead was always on the edge, but it was that edge that created AMD K7 and K8 architecture (NexGen), it was the edge that went into sponsorship deal with Ferrari and commanded with 45% of 4P server space (for a while). Reactive AMD was the one that stopped investment in 65nm