Apple Buys Stake in AMD. Not So Fast
At 9:27 this morning, Fox Business Morning for Breakfast 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.)
Ah, well, we can see the problem. Apple, Abu Dhabi are oh-so-similar sounding.