http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/valleywag/ati http://gawker.com/tag/valleywag/ati Chipmaker Advanced Micro Devices will take a $948 million charge for Q2, the company announced this morning. Much like last year, the bulk of the writedown is due to the declining value of the company's ATI acquisition, for which it paid $5.4 billion in 2006. The resulting lines of cellphone graphics chips and digital TV chips just haven't sold as well as expected. The company's quad-core mobile graphics chip, codenamed Eagle, won't arrive to save the day until 2010. More important to some of us: A $32 million charge for employee severance packages.

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AMD (Advanced Micro Devices) pays $5.4 billion for ATI Technologies, which is about 5 times the fake valuation of YouTube and twice the fake valuation of Facebook. [NYT]

One more score for the tiered Internet. The quality of the average Voice-over-IP call is falling, and not just because of the Vonage operator breathing heavily in the background. [CNET]

AOL co-founder Steve Case tells Charlie Rose, "Yes, I'm sorry I did it," about merging with Time Warner in 2001. A quick check with every executive at AOL says yeah, they're sorry he did it too. [Reuters]

Real estate site Zillow, another tool for pretending your house is worth more than it is, takes $25 million in its second round of funding. It has yet to make a profit. [SiliconBeat]

A judge considers a $90 million Google clickfraud lawsuit; if advertisers win, they get credits to advertise with Google, thus ensuring a gravy train of recursive clickfraud lawsuits for life. [BusinessWeek]

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