Posted AT 12:52 AM EDT on 18/07/08
Ruiz's big bet on ATI gets left in Intel's dust
Two years ago, Hector Ruiz snapped up one of the crown jewels in Canada's tech sector, convinced that it would enable his company to go head to head with Intel Corp., the world's biggest chip maker.
His company –
Advanced Micro Devices Inc. – paid $5.4-billion (U.S.) for graphics chip designer ATI Technologies Inc., in what some analysts of the day termed a bet-the-company transaction.
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