Reuters Reporting: AMD considering breakup/spinoff

After informing that it would be laying off 7% of their workforce last October it comes as no surpise that AMD is mulling over a breakup to save the company.

In an exclusive from Reuters,

AMD has asked a consulting firm to help it review its options and draw up scenarios on how a break-up or spin-off would work, the people said this week, asking not to be identified because the deliberations are confidential.

AMD has declined comment for now but considering the recent financials more details should be availabe soon …

AMD’s net loss widened to $180 million, or 23 cents per share, in the quarter that ended March 28, from $20 million, or 3 cents per share, a year earlier. It also missed on revenue expectations. It is forecasting a return to profitability in the second half of the year.