Galleon Group, a $7 billion fund based in Midtown, has recently purchased "several million shares" of AMD, according to The New York Post.
The fund will obviously try to get something out of the company that the board, management, and other investors have not gotten–good share price performance. Twenty months ago, AMD traded for $40. It now changes hands at just over $12.
For starters, Galleon needs to push out CEO Hector Ruiz. Good luck.
Douglas A. McIntyre
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