Tiernan Ray of Barron’s Tech Trader Daily reported yesterday (2/14) the rumors that chipmaker AMD might be bought by Dell. Ian King at Bloomberg added this harsh quote from an analyst:
“There is no management team there [at AMD],” said Patrick Wang, an analyst at Wedbush Securities in New York. There is some “chatter” that the company is up for sale, he said. “It’s a far- fetched possibility.”
Here are the Covestor models that hold AMD as of end of day 2/14:
- Robert Foo’s Core
- Ascendere Associate’s Systemic Long-Only
And those that hold Dell as of end of day 2/14:
- Jose Betancourt’s Cash Flow
- Bristlecone’s Large-Cap Value
- Sean Hannon’s Bottom-Up Analysis is short DELL
- Sean Hannon’s Bottom-Up Analysis Aggressive is also short DELL
Sources:
“AMD Pops 5 % On Dell Takeover Rumor” Tiernan Ray, Barrons.com 2/14/11 https://blogs.barrons.com/techtraderdaily/2011/02/14/amd-pops-5-on-dell-takeover-rumor/
“AMD Gains on Speculation It May Be Takeover Target” Ian King, Bloomberg, 2/14/11 https://www.bloomberg.com/news/2011-02-14/amd-gains-on-speculation-management-upheaval-makes-it-a-target.html
