AMD Wow (Not in a Good Way)

From CNNMoneyAMD Fails To Reach Quorum For Vote On Spinoff

“It’s just a delay, and a delay that could consequently push out the closing date of the venture,” said Caris & Co. analyst Betsy Van Hees. While she expects the deal to be approved next week, she said the situation still doesn’t bode well for AMD.

We were largely expecting this to be just a formality, so this does certainly give us increasing cause for concern,” she said.

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