AMD denies Oracle buyout rumour

October 7, 2010 // 12:28 p.m.

Tags: #amd #amd-aquisition #amd-oracle #arm #dirk-meyer #intel #larry-ellison #oracle #oracle-amd-acquisition #paul-otellini

AMD's chief executive, Dirk Meyer, has denied rumours that his company might be looking to sell up to Oracle, but hasn't ruled out the possibility of a partnership of some kind.

During an industry conference, Meyer stated to reporters from The Globe and Mail that "AMD is not for sale," but stated that his company is "happy to listen to any proposal which is in the interest of our shareholders."

Meyer's comments come after rumours spread that Oracle, fresh from its acquisition of SPARC-specialist Sun, was looking to further its interests in the hardware business by buying AMD outright - a rumour that wasn't harmed by Oracle's chief executive Larry Ellison stating that his company was "keen" to make additional acquisitions and that it was looking for "a microchip company" to add to its fold.

During the conference, Meyer also played down the growing threat from ARM licensees, which has seen the RISC-based chips getting increasing interest from those looking to develop low-power many-core server farms for cloud computing projects. Echoing Intel chief executive Paul Ottelini's comments from earlier this year, Meyer claimed "I don't really view ARM as a threat."

Whether it's because of Meyer's bullish views on his company's future, the possibility that a partnership with an industry giant such as Oracle could be around the corner, or simply that investors just don't believe Meyer's claims that AMD isn't up for sale, investors appeared pleased with the company's progress. The share price enjoyed a 0.7 percent jump following Meyer's comments - and while that might not seem like much, for a company that has taken something of a beating in the markets in recent times it's a step in the right direction.

Do you believe that AMD could be turning a corner, or is Meyer's denial not enough to rule out the possibility that Ellison could be taking over in the near future? Share your thoughts over in the forums.

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