Advanced Micro Devices, Inc. announced today that it has completed its offer to purchase for cash, on a pro rata basis, up to $1,000,000,000 aggregate principal amount of its 5.75% Convertible Senior Notes due 2012 (the “notes”), at a purchase price equal to $990 per $1,000 of the principal amount of such notes, plus accrued and unpaid interest thereon.
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by Larry Etter
AMD (NYSE:AMD) Thursday reported revenue for the third quarter of 2009 of $1.396 billion, an increase of 18 percent compared to the second quarter of 2009, but a decrease of 22 percent compared to the third quarter of 2008.
AMD third quarter showed a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt. AMD’s operating loss was $77 million in the quarter.
AMD expressed optimism about future, saying it expects its product Company revenue to be up modestly for the fourth quarter of 2009.
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by Larry Etter
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