Originally posted on January 24, 2008 @ 11:08 pm
There are rumors flying around that IBM is about to take over AMD. The rumor has gained added strength because AMD’s stocks actually rose on these rumors.
I personally think that an IBM takeover will be quite far fetched — if not near impossible. IBM just doesn’t have hardware as a priority at this point. It is moving away from hardware and focusing on software and IT solutions. Over the years, the company has unloaded a lot of its hardware assets — the laptop business was sold to the Lenovo Group, the disk drive business to Hitachi, and just last year the printer business was sold to Ricoh. Buying a hardware company at this point will be a stupid move for the company and will surely rub its stockholders the wrong way.
Let’s see what IBM’s next moves will be.