Word has reached the street that Waste Management (Ticker: WM) is in the works to put in an all cash bid for Advanced Microdevices. According to the source, who wished to remain nameless, WM is currently in talks to acquire the beleaguered chipmaker.
When asked what would a global leader in garbage collection and disposal want in AMD, a global leader in fail, the anonymous source responded "we are only interested in garbage, disposing of it is our specialty so it would seem a natural fit!" Another anonymous source close to the matter added "it is cheaper to acquire AMD and shut down operations than it is to dig new landfills to accommodate their un-sellable POS APUs and CPUs and occasionally GPUs"
Regardless is the reason the announcement and closure of the sale is imminent.
Load up longs!!!
Sentiment: Strong Sell