Advanced Micro Devices (AMD) is trading up +.81 or 6% today on LBO rumors. If you’re in a gambling mood today like Chris "Jesus" Ferguson, check out the July ’07 $17.50 calls, trading for 
about $100 per contract. The Masters think an LBO is laughable and the chances are slim that it could actually happen. AMD is trading near a 52 week low with shares trading just $1 above the year long low. Consider that AMD is working on new CPU’s that will be integrated with ATI Video cards but that won’t be ready until early 2009. By that time Ferguson should have 4 more WSOP bracelets. AMD will have the ante ready and ahead of Intel (INTC) at that point, similar to Sprint (S) with their Wi-Fi system. It’s an ace up the sleeve and could make AMD the house leader with the most chips on the table.
If you want to read more about the LBO here are the stories, it’s really the same stuff but it passes the time at work when you don’t feel like working. Just so you know, LBO stands for Leveraged Buyout – a strategy involving the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition.
But back to Ferguson, the guy was playing poker before age 10. In college he honed his skill on IRC playing poker for play money in chat rooms. In 1994 he began playing in tournaments in California and in 1995 entered his first World Series of Poker. Ferguson beat T. J. Cloutier at the main event of the 2000 WSOP to win the $1.5 million prize. Since then, he’s been walking on water and as of last year his career winnings exceed $5.7M. 1-2-shabadoo!
Advanced Micro Devices From The Stock Masters
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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