Qualcomm Inc (QCOM): Qualcomm buys some assets from AMD for $...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	3
Posts	3039
Boards Moderated	0
Alias Born	01/15/2003

stricklybiz

Re: None

Tuesday, 01/20/2009 9:19:17 AM

Tuesday, January 20, 2009 9:19:17 AM

Qualcomm buys some assets from AMD for $65 mln cash
By MarketWatch
Last update: 7:44 a.m. EST Jan. 20, 2009

NEW YORK (MarketWatch) -- Qualcomm Inc. has acquired some assets that once made up the basis of AMD's) handheld business, the technology companies said Tuesday. The assets include certain graphics and multimedia technology assets, intellectual property and resources. Under terms of the deal, Qualcomm has offered to hire some design and development teams from AMD's handheld business, and cash consideration from Qualcomm to AMD is about $65 million. Qualcomm expects the acquisition to be about 2 cents dilutive to pro forma 2009 earnings per share and accretive to earnings by the second half of calendar year 2010.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bE139201D-5E74-4AA2-96C2-AFB09FE47393%7d&siteid=yhoof2