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AMD also gets sued for Spectre
Not just Intel, chip manufacturer AMD now also has been sued for the Spectre security leak. It is a so-called 'class action' lawsuit filed on behalf of the company's investors.
In the indictment, both AMD, the financial director and director of the company, are accused of having artificially increased the share price of the company by not previously announcing that AMD processors are vulnerable to the Specter leak. AMD was informed at the beginning of June last year, sources claim.
Spectre came to light earlier this month with the Meltdown vulnerability and, in contrast to this vulnerability, affects virtually all modern computers, smartphones, and tablets. Investors of the company have, according to the charges, "made significant losses" as a result of the price drop after the publication of the leak.
A spokesperson for AMD told The Register that the company found the accusations unfounded, reports nu.nl. Four lawsuits have already been filed against competitor Intel because of Spectre and Meltdown.
KissSh0t
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Posts: 7282
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#5511889 Posted on: 01/18/2018 10:22 AM
Who doesn't like free money?
Who doesn't like free money?
sverek
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#5511890 Posted on: 01/18/2018 10:26 AM
Unfortunately, AMD did release mobile CPUs after leak been confirmed.
https://en.wikipedia.org/wiki/Template:AMD-Ryzen-Mobile
So yeah, that one might be annoying.
Do lawers just toss money in their pocket, or they clients (AMD clients) to share with?
Unfortunately, AMD did release mobile CPUs after leak been confirmed.
https://en.wikipedia.org/wiki/Template:AMD-Ryzen-Mobile
So yeah, that one might be annoying.
Do lawers just toss money in their pocket, or they clients (AMD clients) to share with?
fantaskarsef
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Posts: 11156
Joined: 2014-07-21
#5511891 Posted on: 01/18/2018 10:28 AM
Well, at least how it reads, it's in the name of shareholders. I guess it's about how much they get when selling their stocks now. Not sure how that works in detail when it comes to compensation. The only thing I'm sure of is that the lawyers get their money, no matter what.
Well, at least how it reads, it's in the name of shareholders. I guess it's about how much they get when selling their stocks now. Not sure how that works in detail when it comes to compensation. The only thing I'm sure of is that the lawyers get their money, no matter what.
warlord
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Posts: 2690
Joined: 2012-10-22
#5511893 Posted on: 01/18/2018 10:31 AM
Well, that's fair. AMD lied. Cheap moves against Intel got back at them like a boomerang. Karma is a bitch huh?
Well, that's fair. AMD lied. Cheap moves against Intel got back at them like a boomerang. Karma is a bitch huh?
Stormyandcold
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#5511895 Posted on: 01/18/2018 10:42 AM
Unbelievable.
Unbelievable.
fantaskarsef
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#5511897 Posted on: 01/18/2018 10:45 AM
What's unbelievable about that?
Unbelievable.
What's unbelievable about that?
kruno
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#5511898 Posted on: 01/18/2018 10:49 AM
What AMD lied about?? Honest question, not trolling like someone
Well, that's fair. AMD lied. Cheap moves against Intel got back at them like a boomerang. Karma is a bitch huh?
What AMD lied about?? Honest question, not trolling like someone
AlmondMan
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Senior Member
Posts: 497
Joined: 2007-09-03
#5511902 Posted on: 01/18/2018 10:53 AM
Significant loss yet AMD stocks are higher now than they have been in quite a while :p
Significant loss yet AMD stocks are higher now than they have been in quite a while :p
AlmondMan
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Posts: 497
Joined: 2007-09-03
#5511903 Posted on: 01/18/2018 10:53 AM
You could read the article, you know...
What AMD lied about?? Honest question, not trolling like someone
You could read the article, you know...
Glottiz
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Posts: 493
Joined: 2006-11-18
#5511908 Posted on: 01/18/2018 11:11 AM
This AMD worshiping on computer hardware websites needs to stop, it's getting out of hand. "AMD is the best, they can do no wrong, they are so consumer friendly, they care about the little guy" I see this nonsense constantly. AMD isn't your buddy, it's not a person. It's just a giant corporation like any other, they couldn't care less about you, so why do you care so much about a faceless corporation? If they are getting sued chances are high it's not without reason.
Unbelievable.
What AMD lied about?? Honest question, not trolling like someone
This AMD worshiping on computer hardware websites needs to stop, it's getting out of hand. "AMD is the best, they can do no wrong, they are so consumer friendly, they care about the little guy" I see this nonsense constantly. AMD isn't your buddy, it's not a person. It's just a giant corporation like any other, they couldn't care less about you, so why do you care so much about a faceless corporation? If they are getting sued chances are high it's not without reason.
thatguy91
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Posts: 6648
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#5511920 Posted on: 01/18/2018 11:50 AM
It's because their slight change in statement regarding variant 2. The lawsuit is a load of bull, if the law firm wins they'll pocket a huge percentage of course. It's all about them seeing some dollar signs and they probably figure AMD is an easier target than Intel. Also, if Intel lose, which they will have a strong chance they might, it very much helps their case against AMD. The case is only going against AMD because of their change of statement. Not sure what happens when there's separate law firms sueing over the same thing. The reason losers are actually the shareholders, since it will affect their prices much more if they lose, and also investors who were pre-2017 as they will get nothing.
If Intel knew of the issue then there's a case, but of course nobody can sue them directly since there's no loss or damages involved. The only loss or damages involved in reality comes from these law firms sueing them. Maybe they should counter sue the law firm seeing as they are harming investor price.
What AMD lied about?? Honest question, not trolling like someone
It's because their slight change in statement regarding variant 2. The lawsuit is a load of bull, if the law firm wins they'll pocket a huge percentage of course. It's all about them seeing some dollar signs and they probably figure AMD is an easier target than Intel. Also, if Intel lose, which they will have a strong chance they might, it very much helps their case against AMD. The case is only going against AMD because of their change of statement. Not sure what happens when there's separate law firms sueing over the same thing. The reason losers are actually the shareholders, since it will affect their prices much more if they lose, and also investors who were pre-2017 as they will get nothing.
If Intel knew of the issue then there's a case, but of course nobody can sue them directly since there's no loss or damages involved. The only loss or damages involved in reality comes from these law firms sueing them. Maybe they should counter sue the law firm seeing as they are harming investor price.
xIcarus
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#5511924 Posted on: 01/18/2018 12:04 PM
I have no idea how you came to the conclusion that anyone's worshipping AMD in this thread. Maybe calm down, you're creating conflict where there's no ground for it.
As for the news, this smells like a cheap jab on what AMD said with the purpose of making some money.
This AMD worshiping on computer hardware websites needs to stop, it's getting out of hand. "AMD is the best, they can do no wrong, they are so consumer friendly, they care about the little guy" I see this nonsense constantly. AMD isn't your buddy, it's not a person. It's just a giant corporation like any other, they couldn't care less about you, so why do you care so much about a faceless corporation? If they are getting sued chances are high it's not without reason.
I have no idea how you came to the conclusion that anyone's worshipping AMD in this thread. Maybe calm down, you're creating conflict where there's no ground for it.
As for the news, this smells like a cheap jab on what AMD said with the purpose of making some money.
fantaskarsef
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Joined: 2014-07-21
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Posts: 11156
Joined: 2014-07-21
#5511925 Posted on: 01/18/2018 12:08 PM
Some people love their black and white world, where you need to have a good and a bad guy... forget it, people have been hardcore fanboys of different companies for a long time.
This AMD worshiping on computer hardware websites needs to stop, it's getting out of hand. "AMD is the best, they can do no wrong, they are so consumer friendly, they care about the little guy" I see this nonsense constantly. AMD isn't your buddy, it's not a person. It's just a giant corporation like any other, they couldn't care less about you, so why do you care so much about a faceless corporation? If they are getting sued chances are high it's not without reason.
Some people love their black and white world, where you need to have a good and a bad guy... forget it, people have been hardcore fanboys of different companies for a long time.
David3k
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Member
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Joined: 2003-07-29
#5511926 Posted on: 01/18/2018 12:24 PM
Ken Hagan from the comments of this article on The Register:
...and reading the reports of this whole thing in its entirety, that's basically what this is: people who wished for premature disclosure before mitigations were in place just so that they could profit, damned be the security impact of a disclosed exploit with no protections ready.
Ken Hagan from the comments of this article on The Register:
... The defendants are essentially arguing that the damage to the wider public (caused by early disclosure) is less important than letting them sell shares early. This has two flaws. The first is that had the disclosure been made, the share price would have fallen, almost certainly before *they* personally had time to sell. The second is that by recklessly causing a zero-day disclosure, *they* would presumably be the target of other people's litigation.
It is really hard to see how the world would be a better place for these people if they win.
It is really hard to see how the world would be a better place for these people if they win.
...and reading the reports of this whole thing in its entirety, that's basically what this is: people who wished for premature disclosure before mitigations were in place just so that they could profit, damned be the security impact of a disclosed exploit with no protections ready.
Click here to post a comment for this news story on the message forum.
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Not surprised.