ATI shareholders approve takeover by AMD
What are the implications of ATI's shareholders approval of the takeover by AMD ? According to ATI CEO David Orton, "The expanded AMD has a potential market of US$50 billion annually." "Orton acknowledged that ATI's engineers have been asking how the company will maintain its high-speed innovation as part of the world's second-largest maker of personal-computer chips, but he expressed confidence that the new AMD will "maintain that entrepreneurial spirit and agility, and at the same time leverage the processes and capabilities of a large company."" In addition, the transaction "will generate new opportunities for both companies, the employees and the communities in which we operate," stated AMD chairman and CEO Hector Ruiz.
ATI shareholders approve takeover by AMD More Login
ATI shareholders approve takeover by AMD
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