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Breakeven point remains elusive as ever for AMD

by Scott Bicheno on 23 January 2009, 09:04

Tags: AMD (NYSE:AMD)

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A letter from Intel

To add to AMD's woes, it received a letter from Intel on 20th January requesting a meeting to discuss whether The Foundry Company qualifies as a licensed subsidiary under the cross-licensing agreement between the companies.

Here's the precise wording of the item included in an SEC filing yesterday:

On January 20, 2009 the Company received a letter from Intel Corporation ("Intel") relating to the 1976 and 2001 Patent Cross License Agreement between the Company and Intel (the "Cross-Licenses"). In the letter, Intel requests a meeting with the Company to discuss whether The Foundry Company qualifies as a licensed "Subsidiary" under the Cross-Licenses, whether the creation of The Foundry Company is a breach of the provisions of one of the Cross-Licenses and whether either the transaction establishing The Foundry Company or the Company's 2006 acquisition of ATI constituted a change of control of the Company under the Cross-Licenses.

The Company strongly believes that The Foundry Company qualifies as a "Subsidiary" under the Cross-Licenses, that the creation of The Foundry Company is not a breach of the provisions of either of the Cross-Licenses and that neither the transaction establishing The Foundry Company nor the Company's acquisition of ATI constituted a change of control of the Company under the Cross-Licenses.

 



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Not good days for AMD/ATI…… and Intel adding to the squeeze, can't be good.

Hope the day never comes when AMD/ATI can't compete with Intel, otherwise Intel
will charge the earth for gear, like the X58 ,I7