AMD IS GOING to lay off 100 more people than previously planned, 600 instead of the previously announced 500. The firm is also going to take a write-off based on the ATI and Spansion.
According to Reuters, the additional people will add to the charge the firm takes this quarter, bumping it up from $50 million to $70 millon, with more to come in 2009.
Additionally, it will take hits on ATI and Spansion, but these are on paper only. The point here is that they have the 'value' on the books, and if there is a tax advantage to be had, they will write it down. Some accountant somewhere saw that advantage, and so they wrote it down.
In the end, the only real news here is that there are 100 more people being let go, with a cost in the $20 million range. Mind you, if the charge for the first 500 was $50 million, this latest lot must be worth double what the first lot got. µ
Though it's not exactly an even playing field
Biz machines offer of Intel CPUs and AMD or Nvidia graphics
Thermal throttling is hampering the overclockable chip's performance
Firm is making its Lightning port even more locked down