Internet Outsider: Trust Me, You Don't Want To Miss This One (Fox Business News on Apple's AMD Deal)

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November 16, 2007

Trust Me, You Don't Want To Miss This One (Fox Business News on Apple's AMD Deal)

My colleague at SAI, Michael Learmonth, reported this gem of a blooper on Fox Business News this morning:

At 9:27 this morning, Fox Business co-anchor Alexis Glick eagerly reported Apple (AAPL) had taken an 8% stake in AMD. Fox's guest contributor, Charles Payne, immediately analyzed the deal and pronounced it a brilliant move for both parties.

The problem? It wasn't Apple buying AMD. It also, unfortunately, wasn't a mysterious pan-Arabian country called "Abu Dubai," as Glick announced when she corrected the Apple report. (It was Abu Dhabi.)

Marvelous transcript on SAI.

Posted by Henry Blodget on November 16, 2007 at 05:51 PM | Permalink

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What's means 'pan-Arabian'? and Abu Dubai is very funny

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Posted by: johnyymathew | November 28, 2008 at 02:05 PM

yes, AMD is in trouble now. Worse than years before.

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Posted by: mahe2007 | January 11, 2009 at 08:37 AM

what's mean AMD.I'm interested to know the update news of Apple's AMD Deal.
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Posted by: Fred | January 27, 2009 at 05:57 AM

That can even be called market manipulation the way I see it. The report caused a surge in the stock by 8%! Thats not something that you can sneeze at.

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