THE SNAFU called the sub-prime market is bound to have an effect on the fate and fortune of AMD.
AMD, unlike its nemesis Intel, relies heavily on loans to finance its business and the collapse of Carlyle, and Bear Stearns underlines the difficulty in financing large, medium and small companies face.
With even homeowners with impeccable credit records facing difficulties re-financing their mortgages, companies face bigger challenges, particularly in such a capital intensive business as fabricating semiconductors.
Even though Wall Street showed signs of recovering yesterday after the Fed cut interest rates, most financial analysts believe that the crisis in the banking market is still far from over. ♣
BOGGARD But Abu Dhabi is holding steady, according to this INQster article, here.