AMD says it’s going to take a write-down thanks to its pricey $5.6 billion takeover of Canadian chipmaker ATI Graphics Inc. a year ago. According to an Associated Press story, the combined company has already lost US$1.6 billion since September. The sound of AMD CEO Hector Ruiz’s credibility with investors going down the toilet may be slightly drowned out by the sound of former ATI chief K.Y. Ho continuing to laugh all the way to the bank.
