Advanced Micro Devices Inc (AMD)

[imho]

mas,

AMD stock plunges on delay in spin-off plan

http://www.marketwatch.com/news/story/amd-shares-plunge-delay-spin-off/story.aspx?guid=%7BB74E4E75%2D9584%2D4BAC%2D9FC1%2DDAB2C5629BF1%7D&siteid=yhoof

"SAN FRANCISCO (MarketWatch) -- Shares of Advanced Micro Devices Inc. plunged nearly 9% Tuesday after the company said it needs more votes for the approval of its planned major spin-off.

AMD 2.15, -0.21, -8.9%) fell 8.9% to $2.15 following the chip giant's announcement that it is extending the period for soliciting votes for its planned spin-off after failing to meet the required 50% quorum.
The company said only 42% of shares have been voted, with 97% in favor of the creation of Foundry Co. AMD said it has postponed its shareholder meeting on the issue to Feb. 18. in Austin, Tex."

What is that you say?

IMHO