Kolkata, West Bengal -- (SBWIRE) -- 08/30/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Advanced Micro Devices, Inc. (NYSE:AMD), Alcatel Lucent SA (ADR) (NYSE:ALU).
Advanced Micro Devices, Inc. (NYSE:AMD) shares declined 1.17% to $3.38. The company on August 22 announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has entered into a conditional put-and-call option agreement to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction is expected to generate proceeds of approximately 59 million Singapore dollars (USD$46 million), net of all fees, which will be reflected in AMD's third quarter 2013 financial statements when reported on Oct. 17, 2013.
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Additionally, the company on August 20 announced new CPU offerings for the AMD Embedded R-Series high-performance computing platform, along with the introduction of a discrete GPU promotional program to provide embedded designers more choices for meeting demanding performance requirements.
Alcatel Lucent SA (ADR) (NYSE:ALU) shares fell 0.75% to $2.64. The company on August 28 announced that it has appointed Jean Raby as its new finance chief, as the telecommunications-equipment maker continues its turnaround under the leadership of its new chief executive. Mr. Raby, 49, a former partner and managing director at Goldman Sachs Group Inc.'s investment bank division, will become chief financial and legal officer as of Sept. 1, replacing Chief Financial Officer Paul Tufano, the company said.
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Additionally, the company on August 10 lowered the interest rate it will pay on a $1.74 billion, six-year term portion to 4.75 percentage points more than the London interbank offered rate with a 1 percent minimum, down from 5 percentage points, according to a person with knowledge of the transaction. A 299 million-euro ($399 million) portion, also due in six years, will pay 5.25 percentage points more than the lending benchmark, in line with what was initially proposed, said the person, who asked not to be identified because terms are private.
Additionally, the company is seeking to reduce the rate on about $2.1 billion of loans it obtained in January, according to a person with knowledge of the deal on August 1.
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