Qualcomm buys some AMD assets
SAN DIEGO (AP) -- Qualcomm Inc. said Tuesday it purchased some handheld graphics and multimedia technology assets from Advanced Micro Devices Inc. for $65 million in cash.
Qualcomm expects the transaction will reduce its fiscal 2009 pro forma earnings by about 2 cents per share but add to earnings by the second half of 2010.
The chip maker has extended employment offers to various design and development teams from Advanced Micro Devices' handheld operations as part of the deal.
"This acquisition of assets from Advanced Micro Devices' handheld business brings us strong multimedia technologies, including graphics cores that we have been licensing for several years," Steve Mollenkopf, executive vice president of Qualcomm and president of Qualcomm CDMA Technologies, said in a statement.
Qualcomm's cash payment to Advanced Micro Devices is subject to adjustments for worker-related expenses and other items.
On Friday, Sunnyvale, Calif.-based AMD said it planned to cut 1,100 jobs, or 9 percent of its global staff, and slash remaining employees' pay to help the company navigate a brutal market for computer sales.
___
Copyright 2009 The Associated Press.
Sign up for ITworld's Daily newsletter
Follow ITworld on Twitter @IT_world
On Twitter now
qualcomm
Powered by Twitter
jfruh
Apple syncing patent can't come soon enough
pasmith
New Twitter features borrow from 3rd party clients
Esther Schindler
Open Source Changes the Software Acquisition Process
mikelgan
How to set up continuous podcast play on the new iTunes
David Strom
Five important Windows 7 mobility features
sjvn
Guard your Wi-Fi for your own sake
Sandra Henry-Stocker
Grepping on Whole Words
Sidekick: The Good News & the Bad News
Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
- mburton325
Join the conversation here
Quick, practical advice for IT pros. Made fresh daily.
Want to cash in on your IT savvy? Send your tip to tips@itworld.com. If we post it, we'll send you a $25 Amazon e-gift card.
