From: http://www.bloomberg.com/news/2014-10-19/ibm-agrees-to-pay-globalfoundries-1 -5-billion-to-take-chip-unit.html
International Business Machines Corp. (IBM) agreed to pay Globalfoundries Inc. $1.5 billion to take an unprofitable chip-manufacturing unit off its hands. IBM will pay Globalfoundries the cash over three years, the companies said in a statement today. Globalfoundries will be IBM's exclusive provider of specific Power processors for the next 10 years, in exchange for access to IBM's intellectual property. IBM will take a third-quarter pretax charge of $4.7 billion. -----Original Message----- From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf Of Aled Hughes Sent: Monday, October 20, 2014 10:26 AM To: IBM-MAIN@LISTSERV.UA.EDU Subject: [Bulk] Re: GLOBALFOUNDRIES to Acquire IBM's Semiconductor Technology Business What I don't understand is that IBM are paying $1.5 bn to GlobalFoundries... shouldn't it be the other way, or is my understanding of the laws of economics on shaky grounds? http://www.bbc.co.uk/news/business-29689344 -----Original Message----- From: John McKown <john.archie.mck...@gmail.com> To: IBM-MAIN <IBM-MAIN@LISTSERV.UA.EDU> Sent: Mon, 20 Oct 2014 15:01 Subject: Fwd: GLOBALFOUNDRIES to Acquire IBM's Semiconductor Technology Business Thought people here might be interested in the post below from the z/VM forum. ---------- Forwarded message ---------- From: Gabe Goldberg <g...@gabegold.com> Date: Mon, Oct 20, 2014 at 8:53 AM Subject: GLOBALFOUNDRIES to Acquire IBM's Semiconductor Technology Business To: ib...@listserv.uark.edu IBM and GLOBALFOUNDRIES today announced that they have signed a Definitive Agreement under which GLOBALFOUNDRIES plans to acquire IBM's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to completion of applicable regulatory reviews. GLOBALFOUNDRIES will also become IBM's exclusive server processor semiconductor technology provider for 22nm, 14nm and 10nm semiconductors for the next 10 years. -- The temperature of the aqueous content of an unremittingly ogled culinary vessel will not achieve 100 degrees on the Celsius scale. Maranatha! <>< John McKown ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN