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Old October 21, 2012, 09:26 AM
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BeaverBender BeaverBender is offline
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ATI was a customer of mine before the acquisition and AMD was afterwards, and I can truthfully say that both spent money frivolously, and that is/was their major downfall, as far as I'm concerned. I also worked on ATI's financing back in their IPO days and they were far from honest in their dealings... KY thought that it was OK to lie to research analysts about projected earnings, and he also thought it was OK to put family members into high-paying positions, even if they weren't actually doing anything. Anyway, it doesn't really matter because Intel needs to keep them afloat to have a competitor and thus not face antitrust litigation, so they will continue to back door finance them.
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