heruamon said: Sorry, but voting right isn't ownership...AMD needs to buy up shares to 51% or bust! |
Taken from TR comments (emphasis mine):
http://contracts.corporate.findlaw.com/agreements/amd/intel.license.2001.01.01.html
1.22. "Subsidiary" shall mean any corporation, partnership, joint venture,
limited liability or other entity, now or hereafter, in which a
party
(a) owns or controls (either directly or indirectly) or originally
contributed (either directly or indirectly) at least fifty
percent (50%) of the tangible and intangible assets of such
entity; and
(b) owns or controls (either directly or indirectly) either of the
following:
(1) if such entity has voting shares or other securities, at
least fifty percent (50%) of the outstanding shares or
securities entitled to vote for the election of
directors or similar managing authority and such entity
is under no obligation (contractual or otherwise) to
directly or indirectly distribute more than seventy
percent (70%) of its profits to a third party, or
(2) if such entity does not have voting shares or other
securities, at least fifty percent (50%) of the
ownership interest that represents the right to make
decisions for such entity and an interest sufficient to
receive at least thirty percent (30%) of the profits
and/or losses of such entity.
An entity shall be deemed to be a Subsidiary under this
Agreement only so long as all requisite conditions of being a
Subsidiary are met.
--
I think that's just vague enough for AMD to defend itself, but it will be a VERY long legal battle. I imagine Abu Dhabi will help with the legal costs since their whole venture is dead if AMD goes down.
--
"Yeah, what will happen to the Wii's/360's GPU?"
Nothing; the graphics division of AMD (formerly ATI) is not involved and even if AMD completely die then they will likely spinoff once more and carry on doing graphics. The only impact will be being starved of R&D cash if AMD's troubles continue.