No pay'n, no gain
Seifert told HEXUS that spinning off AMD's manufacturing capabilities into GlobalFoundries, the so called 'asset smart strategy', had brought capital expenditure down, allowing the firm to adhere to a leaner business model. "We've made progress," he said adding, "we've reached the break even model."
"There's work ahead, a lot of work ahead, but I feel confident," Seifert continued, saying his firm would take advantage of its current momentum and improving market conditions.
Seifert also said that "any equity offering at this time would be considered unattractive," and that the firm would "avoid any transactions which would restrict AMD moving forward."
With that in mind, we asked the new CFO if he thought AMD had overpaid for ATI a few years back, to which he answered "that's not a call for me to make." However, Nigel Dessau, standing nearby, chipped in to say "you pay what you have to pay."
Seifert did say, however, that if one were to look at the outcome of the ATI acquisition, and the benefits of all the technology now coming together with fusion, it would all be worth it.
