AMD has to pay shareholders 29.5 million dollars, because of the Llano APUs, a failure for the company that generated 100 million dollars in losses for the company and a 74% drop in shares.
If AMD runs a circus, dwarfs grow, elephants shrink and clowns would not be funny. It was in 2014 that the company was sued for overestimating the success of its APUs. This was a class action lawsuit in the face of apparent deception by AMD towards investors, with the anticipation of selling the same amount of [amazon_textlink asin = 'B00CPLGFM4 ′ text =' APU 'template =' ProductLink 'store =' hardwa028-21 ′ marketplace = 'ES' link_id = 'f47b2aa2-8d1d-11e7-b8b4-298919c214aa'] than in the first generation, but in this case the AMD Llano, which would have been manufactured in 32nm.
After one year and three months, it was confirmed that AMD would have used its privileged position to lie to shareholders, so AMD would have to face the claims of investors, about a fraud in the power value of APU A -Series, which were also known as AMD Fusion. Said A-Series APUs were launched in the third quarter of 2012, when the launch of this product was scheduled for 2009. Much of the stock of these remained unsold for various reasons, above all, due to the lack of attractiveness of this product or the launch of Intel's Sandy Bridges, which ended up forcing AMD to advance the launch of the second generation, the Trinity APUs, which were premature.
Not selling Llano was a problem, causing a loss of $ 100 million, which caused the company to lose a lot of value and caused the company's stock price to plummet 74%, causing shareholders to lose money. This lawsuit ensures that AMD manipulated the production of Llano chips to investors, despite GlobalFoundries' supply problems, which caused an artificial bubble in the company's price between 2011 and 2012. Production eventually increased, which ended up leading to an excess production that was not sold and ended up generating losses of 100 million dollars.
After three years and seven months, the resolution of the lawsuit has been published. The company has reached an agreement with the shareholders who sued AMD, solving the problem with the payment of 29.5 million dollars, so the next financial result of the company will be much worse than expected, in addition to generating a drop in the value of the company and a new problem for shareholders.
Source: HH
Incredible how this page never gets tired of talking bad about AMD and sucking Intel and Nvidia's cock. Terrible fanboys. 0 seriousness.
39.5 million for a company of these does not sound much.
My Laptop is Llano and my Desktop is Trinity, and they work fine.
They are 29.5 million to pay now, plus the 100 million in losses and the fall in the shares at the time. For NVIDIA or Intel it would be small change, but AMD is not there to give away money.