Monday, November 19, 2007

Apple Dubai buys stake in AMD?

That's according to FOX News;

ALEXIS GLICK: There's some news coming across the tape right now. We're seeing from Wall Street Journal that Apple is buying an 8 percent stake in AMD."

PETER BARNES: "The big chip maker, yup. And AMD and Intel battle back and forth, and so this is a very significant statement by Apple, Charles and Liz, is it not, that it's going to buy in to AMD, pick one of the two?"
[one-year charts of Apple Inc and AMD]

CONTRIBUTOR CHARLES PAYNE: "Well, yeah, and AMD needs, uh - that's real smart by Apple because AMD is in trouble right now. AMD has always had two problems: either it had a great product that was either sometimes superior to Intel but not the distribution, or it would have a terrible product that obviously they couldn't compete. And they're sort of in the middle right now - they haven't had great product offerings per se recently, the stock has been really just sort of muddling along, so I gotta tell you, Peter, I think it's a smart play by both companies to get involved with each other."

BARNES: "And we are getting some more news [inaudible]"

GLICK: "That, oh, it's not Apple. Let me just correct ourselves here. It is not Apple. [cross talk] Alright, I'm sorry, we got a little ahead of ourselves here on that. Um, Apple Dubai? Abu Dubai." [sic]

BARNES: "Oh, the Arabs. Ok."

GLICK: "Oh, ok, there we go. [Laughs] We thought it was Apple! We got so excited about it!"

From where does FOX gets their 'expert' commentators? Anybody who regularly checks Google News can't miss this.

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