Termination for Cause.
(a) A party may terminate the other party's rights and licenses
hereunder upon notice if the other party hereto commits a
material breach of this Agreement and does not correct such
breach within sixty (60) days after receiving written notice
complaining thereof. In the event of such termination, the
rights and licenses granted to the defaulting party shall
terminate, but the rights and licenses granted to the party
not in default shall survive such termination of this
Agreement subject to its continued compliance with the terms
and conditions of this Agreement.
(b) A party hereto may terminate this Agreement upon sixty (60)
days written notice of termination to the other party given at
any time upon or after:
(1) the filing by the other party of a petition in
bankruptcy or insolvency;
(2) any adjudication that the other party is bankrupt or
(3) the filing by the other party of any petition or answer
seeking reorganization, readjustment or arrangement of
its business under any law relating to bankruptcy or
(4) the appointment of a receiver for all or substantially
all of the property of the other party;
(5) the making by the other party of any assignment for the
benefit of creditors;
(6) the institution of any proceedings for the liquidation
or winding up of the other party's business or for the
termination of its corporate
<<I don't see how Intel can be directly punished if AMD overextend themselves with debt and fail to bring attractive products to market>>
The lawsuit is over past practices which AMD claims illegally prevented them from realizing any critical mass of revenue/profits to go forward in their competitive strategy of full platform competition. AMD can say they
were forced to overextend themselves as a result.
If the courts find Intel liable, Intel will be punished.
Oldie but goodie
Sorry the burst your overblown bubble but AMD is poison, the Samsung rumor is just a pump. Buyout not going to happen, read the agreements.
Is it just me or does it seems like every time AMD has bad news AMD blows buyout smoke. I mean how many times do we have have to go over this Buyout crap, last time it was IBM.
Jeez wipe the crap off your shoe and move on. Lots better tech stocks out there with much less risk. IMHO
I'm reposting this as it was rec'ed off the board (if you have your preferences set to two stars). So hopefully you will get it this time and have something to comment on.
[As an x-intel employee, do you have any insight concerning Transmeta's ip infringement suit against them?
Intel isn't responsible for AMD's mismanagement and poor business judgement associated with the ATI purchase, over extending themselves financially and being incapable of delivering new products on schedule.
Intel only needs to continue to be the more efficient producer of superior products and AMD will fall under its own weight.
Natural monopolies are legal in the US.
Not to take away from the of this thread which pretty much dismisses the continuing speculation about a "buyout".