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State Senator Joe Leibham to not seek recount for last week's election

SHEBOYGAN, WI (WHBL) - Joe Leibham will not seek a recount for last week's 6th House District Republican primary. The Sheboygan state senator lost the four man race to State Senator Glenn Grothman by 219 votes, which was close enough to ask for a recount that would have been paid for by local government units. In a statement made Friday afternoon, Leibham said he has contacted Grothman about his decision and wished him well in the November general election.  He adds he is happy of the ...

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AMD to sell and lease back Austin, Texas, campus to raise cash

Visitors look at motherboards being displayed at the AMD booth during the 2012 Computex exhibition at the TWTC Nangang exhibition hall in Ta
Visitors look at motherboards being displayed at the AMD booth during the 2012 Computex exhibition at the TWTC Nangang exhibition hall in Ta

SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc agreed to sell and lease back its campus in Austin, Texas, to raise $164 million in cash and fund its chipmaking business as it diversifies beyond the struggling PC industry into new markets.

AMD said that following the sale of its "Lone Star Campus" to an affiliate of Spear Street Capital, it would enter into a 12-year lease to continue its operations there.

The sale of the campus comes as the company and its larger rival, Intel Corp, struggle with slowing personal computer sales.

AMD said it expected its first-quarter results to include proceeds of the deal and a special charge of about $50 million for the difference between the sale proceeds and the carry value of the property.

With the growing popularity of Apple Inc's iPad and other tablets sapping demand for PCs, AMD, one of Silicon Valley's oldest chipmakers, has laid off engineers while looking for new markets for its products.

AMD sold and leased back its headquarters in Sunnyvale, California, in 1998.

(Reporting by Noel Randewich; Editing by Lisa Von Ahn)

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