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Article

Galleon Doubled Down on ATI Ahead of AMD Buy

Galleon had a pipeline right to the top of AMD and of course this new revelation has raised more eyebrows
By Maureen O'Gara
Article Rating:
November 20, 2009 01:15 PM EST
Reads:
 760

AMD Virtualization Journal on Ulitzer

According to an SEC filing the Galleon Group, the hedge fund charge with trading on insider information, double downed on ATI in 2006 to the tune of ~$125 million in shares and call options right before AMD bought it and was up 6.6% when AMD's bid was disclosed. Galleon had a pipeline right to the top of AMD and of course this new revelation has raised more eyebrows. Regulators however have so far only charged misconduct with respect to AMD's spin off of its plants and its taking on more investment.

Published November 20, 2009 – Reads 760
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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