CNETAnalysis: Update: A leaked internal memo sent to staff by CEO Rory Read strenuously denied that AMD plans to sell any part of the company. Read referred to a “major media outlet” that produced a speculative piece as he personally reinforced this message: “we are not actively pursuing the sale of AMD or any of our significant assets. “It’s full steam ahead with our strategy…we are absolutely on the right path.” Original story continues below Troubled chip manufacturer AMD has reportedly called in the services of investment bank J.P. Morgan to examine its options going forward. The company, which has struggled with the rapid industry transition from PC to mobile, has seen its share price fall 60 per cent this year and last month announced it was chopping 15 per cent of its staff. According to sources speaking with Reuters, AMD would consider selling up, although the Silicon Valley-based company claimed it is not pushing for this eventuality. “AMD’s board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD’s highly-differentiated technology assets is the right approach to enhance shareholder value,” spokesperson Drew Prairie wrote in an emailed statement to Reuters. Silver lining The report said AMD may also seek to sell off elements of its patent portfolio in order to stay afloat while it seeks new markets for its products. Despite the recent struggles in the PC market, AMD still does good business in the games console market. This and the “growing focus on embedded chips” could be “silver linings” for the company, Retuers sources said. The article mentioned tech big hitters like Apple, Samsung, Google, Microsoft, Intel and Facebook as potential suitors should AMD go under the hammer. TechRadar asked AMD for comment and will update this story if and when the company r! esponds.
CNews Karachi. July 05: A Pakistani Scientist in Britain has invented a new chemical for processing plastic (polythene) bags which has the quality of dissolution after its use in 105 days.A manufacturing unit for these plastic bags was being set up in Turkey while interest has been shown in the setting up of a big unit and manufacturing firm’s head quarter in Karachi which will be used to supply such dissolvable polythene bags to Asian countries. The Director of UK based firm Bio Plast Biodegradable Plastics GL Punn while leading a 15 member delegation called on EDO Municipal Services City Government Masood Alam. The Executive Director of Bio Plast Pakistan Muhammad Hanif Awan and M. Sultan Mehmood Awan was also present on this occasion. The Director of Bio Plast informed the EDO Municipal Services about the characteristics of new chemical. He said that the firm was going to set up its first plant in Turkey which will be operative in next two months. The delegation also praised the vi